Business Overview:
This is a Joint Adventure on a part of a large oil producing field in the serpentine formation.
Well electric is paid by operator
legal fees for title in your name included in price
All permits & fees are already paid for by existing company
all repairs for the life of the well are paid by the operator
The company pay all insurance
The company carries multimillion dollar insurance policy
You pay never a cent more then the initial cost which is $400,000 for 3 wells turn key
This company owns 2 million dollar drilling rigs and will put in writing that they will not hit a dry hole other wise they will redrill you a new well. company is fully staffed, licensed and bonded, and has no water problems. Company has a full write up on geological studies, engineering reports, ... etc.
3d seismic was done on new undeveloped areas of the field… Huge Up Side Potential with this company!!!
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Additional Details:
- The property is owned.
- 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.