Business Overview:
TURNKEY OPERATION FOR AN ABSENTEE OWNER! Own 50% Working Interest of an Oil and Gas lease on a 160 acre site with a 100% W.I. and 70% NRI. Reserves of 200MB/oil and 350MMCF/gas. 3D seismic survey report done. Full on-site facility with oil & water tanks. Operator/seller will fund 1 of 2 rework options that will restart production at 50 BPD within 1 month and continue gradually to increase to 150BPD in 1 year . No additional funding needed from new owner. Seller will consider a joint venture partner.
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.
Property Features and Assets:
Full on-site facility with oil and gas tanks
Market Competition and Expansion:
Cumulative production from reserves is over 264MB oil and 338MMCF of gas
Reason for Selling:
Need capital to fund development
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.
Resources: