Business for Sale Overview:
NW Louisiana Oil Producing Company for Sale For $975,000!
The breakdown of this company is as follows: 35 barrels/day production; shallow wells; 1/3 of production has 75% revenue interest & the other 2/3 has 82% revenue interest; 22 gravity oil; 52 wells producing; 30 wells that could be put back into production; all wells within 1 square mile, easy access; new central tank battery; all new flow lines; upgraded electrical system with automatic lease shut-down to prevent spills. The expenses & figures relative to the production are : Electric bill for this operation is roughly $8,000 per month;- Chemical bill is $1,500 per month; Well servicing runs approximately $6,000 per month; Example of what these wells currently bring in: One month in 2009 oil sales totaled 858.56 barrels & sold for $66.958 per barrel which would be $57,487.46. In addition to the 51 listed above there are 31 that could be put back into production, about half of which have tubing & rods. There are 7 salt water disposal wells, 5 we use & the other 2 need repairs To put all wells back into production, someone would have to spend another $150,000 -$200,000. The operating cost above does not include labor or transportation for checking wells and treating wells with chemical.
For more information regarding this listing please contact us by completing the "Contact the Seller" form below. We look forward to hearing from you.
Property Features and Assets:
Located in the North West Region of Louisiana.
Market Competition and Expansion:
Great potential for expansion by Implementing a mobile part unit & fixing all rework wells. Competition / Market: Little to no competition.
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not 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.