Business for Sale Overview:
Second Largest Shallow Oil Field in Texas (at one time the largest). 350,000 Plus Acres of Undeveloped Oil Property with known oil reserves. Has over 10,000 wells most of which can be placed back into production. Over 700 Current Producing Oil Wells. Most Have Multiple Pay Zones. Majority of Wells Less Than 2,500 feet Deep. All Wells Less Than 5,000 feet Deep. Over 160,000 Acres of Proven Producing Oil Property. Ranch Has Produced Over 200 Million Barrels of Oil. Has current oil reserves estimated In the Billions of Dollars. Currently Producing 40,000 plus Barrels of Oil Per Month. The ranch has a Copper reserve. While drilling for Copper, Diamonds were discovered at 300 feet. Has Over 26,000 Acres of Row Crop Farmland. 4 large lakes 25,000, 10,000, 8,000 and 4,000 acres each. Ranch has 170 full time employees. 16,000 plus Head of Cattle. 400 Horses. 58 farm houses. 3 southern mansions. Drilling and work over rigs. 668 pieces of farm equipment (John Deere tractors, combines, plows, etc). Bell ranger helicopter. In 1991 The Ranch Was Valued at $330,000,000 oil was $21.00 PB.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Additional Details:
- The property is leased.
- The owner may be willing to train/assist the new owner.
- This may become a homebased business opportunity.
- This may become a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Contact the Seller:
To contact the seller of this business for sale, please complete and submit the following email form. The seller or broker will be in touch with you typically within 1-3 business days. Fields with an asterisk (*) are required.