Business Overview:
TURNKEY OPERATION! ABSENTEE OWNER: Lease the mineral rights on a 51 acre site with 1 equipped and operating oil wells producing 1/2 BPD with an 84.5% Working Interest. This wells was recently reworked and are in excellent operating condition. The seller who is the operator on-site will continue to pump and operate under his bond for 1 year included in the purchase price. New owner will pay for electric and invoice price for repairs if any are needed. Cash flow calculated at 1/2 BPD @ $90
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:
n/a
Market Competition and Expansion:
Great chance to enter into the oil industry with small investment and grow with the industry
Reason for Selling:
Need Capital for 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.