Business Overview:
TURNKEY OPERATION FOR ABSENTEE OWNER! Oil leasing rights on 440 acres comprised of 3 parcels with 7 equipped oil wells and 2 water injection wells. Current settled production is 25-30 BPD. By adding a few upgrades to existing equipment (and $50K) production can increase to 40+ BPD. Current independent contractor on site will continue to operate for 1 year included in purchase price. 100% working interest with a NET 70%+ Revenue. Total depth is 4000+ feet with room to drill new wells at owners expense.
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:
Generate Capital for other projects
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.