Business Overview:
Turnkey Operation! Absentee owner. Lease oil rights on 183 acre site with 6 wells producing 9 Barrels Per Day(BPD), 1 injection well and 2 wells in need of small repairs included in price. Potential is 20BPD. Net 85% Working Interest. Current Indepedent Operator with 30 years experience on site to maintain wells. Can chemically treat wells, drill 25 new wells at owner's expense to increase production. Huge 85% IDC credit for new drills from IRS 1st year. Cash flow calculated at 20BPD@$80 spot.
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.
Market Competition and Expansion:
Much potential!
Reason for Selling:
Needs capital development
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.