Business Overview:
TURNKEY OPERATION! ABSENTEE OWNER. Oil Leasing Rights with Net 66% Working Interest. 750 acre site with 43 oil wells, 12 water injection wells, 2 water supply wells. Current production is 90+ BPD and increasing as production settles in with water flood taking effect. Production expectation 120-150 BPD in 3-4 months time. Current Independent Contractor on site to maintain existing wells & drill 200 new wells at owner's expense. HUGE 85% IDC tax credit from IRS 1st year. Cash flow calculated at $90 oil.
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.
Reason for Selling:
Needs capital for other projects.
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.