Business for Sale Overview:
Texas Oil Production Company For Sale For $2,750,000 Working Interest in 387.779 acres! Four sites in production. Site One is on a 133 acre leased property. 100% working interest at 100% NRI. There are 2 producing, 1 injector, 0 shut in BOPD-5, 2 -210 tank batteries. 1 gun barrel, 1 saltwater injection pump (brand unknown), 2-180 pump jacks, pumps, rods, & tubing , 3 potential locations, Caddo, Penn ranger Barnett. Site Two is on 31.04 acres above 2000'. 25% working interest at 75%NRI. Producing wells-12-1 water supply, 0 shut-in BOPD established upon completion-50, 2 -210 tank batteries, gun barrel & separator, 12-60 pump jacks, surface pumps, & tubing. Site Three is on 194 acres of leased property below 2000' & 163 acres, above 2000'. 100% working interest at 80% NRI. Above 2000' there are 5 producing wells-BOPD-6 & below 2000' there is one producing well. BOPD-i barrel 26MCFPD. 0 shut in. 1- 210 tank battery. gun barrel & separator, 50-60 pump jacks, 1-180 pump jack, 50 potential drilling locations above 2000" for a,b & c. Caddod & Penn Ranger formations, 10 potential drilling locations below 2000'--for Marble Falls & Barnett-Shale formations. Site Four is 100% working interest at 80% NRI. 26 producing wells, 2 injection wells BOPD. 12 0 shut in. 24 wells producing from the a,b, c crosscut sands & 2 producing from the Penn Ranger formation, approximately 1,700" 2-310 tank batteries, gun barrel & separator, 2 fiberglass water disposal tanks & triplex injection pump, 1 intermediate water pump, potential drilling locations, 6 into the Penn Ranger formation, 4 Marble Falls or Barnett -Shale. Estimated operating costs--electricity is $1,500 per month. General Expenses $1,000 to $4,500 per month. Owners will contract operate the lease for $250 per well per month. Owner offers financing up to 60% of the purchase price subject to credit terms & security agreements at Prime plus 2.5%. There are additional owned leases & production available in the immediate area that could be included.
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 Texas Working Interest in 387.779 acres! Four sites in production!
Market Competition and Expansion:
Little to no competition. Unlimited potential for expansion.
Additional Details:
- The property is owned.
- The owner is not 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.