Owner Financing is Available!
Business Overview:
OIL & GAS FIELD OPERATIONS FOR SALE IN BARREN & WARREN COUNTY – KENTUCKY
Oil & Gas Field Operations are available for acquisition in Barren County and Warren County, Kentucky. The operations can be purchased together or separate. With a full service operating division, lease acreage, existing production, production upside and a gathering and road network. These fields have an extensive Geo-Scientific survey. All wells are monitored with satellite well monitoring systems. Estimated length of production for Devonian Shale Wells is 30 to 100 years.
Asset summary:
• Total of 2,480 acres more or less (=56 drilling locations).
• 100% Working Interest – 87.5% Net Revenue in 19 producing wells and 3 reworks for a total of 22 wells.
• 26 wells will be reworked and any and all producing wells will be outfitted with full pumping equipment at the Warren County location before the sale is completed. 15 wells are presently fully equipped.
• Most wells drilled to the Coniferous Formation (approx. 2,000 feet). 4 are fully cased and have received high rate and high volume nitrogen fracture stimulations.
• 800 sq. ft. office and bunkhouse, 1,525 sq. ft. shop area with – 1.86 acres lay-down yard. Full shower, gas, heat, phone, etc.
• Satellite Flow Metering.
• Casing, Tubing, Various Trailers and Tools Trailers, as well as all tools and other supplies.
• Electronic Logs on all wells. Cameras on some.
• =5 miles of gathering system.
• 1 Chicago Pneumatic 650 Rotary Drilling Rig.
• Equipment Included: Tool Trailer Filled With Tools; Pipeline Fuser; Generators; CP Drilling Rig, Drill Pipe And Tools; 2 – 2 Ton Utility And Water Trucks (1 With Winch); 2500 Chevy 4x4 Heavy Duty 4 Door.
• Geophysical Logging Unit and Down-hole Color Camera.
This is a very motivated seller who is willing to look at all reasonable offers and is also willing to finance a portion of the purchase price to a qualified buyer. Seller will entertain 3 purchase options for the operation in Barren County: 1) $1,225,000 down with a $1,000,000 note carried by seller with negotiable terms; 2) $2,000,000 cash payment; 3) The total purchase price of $1,500,000 with future royalty interest of 10% of the gross production paid to seller for life. For more information, please contact Laszlo Nemeth of The Associates Business Brokers: (323) 370 – 6273; Info@TheABB.com.
Type of Sale: Asset.
Asking Price for Both Operations Combined: $2,225,000.
Gross Revenue: Call / Email.
Net Income: Call / Email.
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:
Seller is involved in other business ventures.
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.
- This is not a distressed business or bankruptcy situation.
Resources: