Business Overview:
Great Oil Reserves With 3D Seismic Data For Sale For $145,000! Owner states that this is an Oil Lease developed with 3D Seismic Data--Large Reserves! Owner benefit approximately 70% W.F. 30 years of drilling experience. These are complete turnkey wells with Logs and Acid treatment modecules. The business was established in 1985 and has 8 employees. Owner states that this could be the largest Western Kentucky producer in the area--the leases are very valuable! The $6,000,000 worth of inventory is not included in the asking price.Value of other assets include 32,000,000 proven undeveloped Reserves(barrels). There is a great upside potential in Reserves.Wells have produced a 100 barrels per day (BPD) in the area!
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:
Located in Edmonton County in Western Kentucky.
Market Competition and Expansion:
Very little competition in the area.
Reason for Selling:
Owners and company are experienced drillers
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: