Business Overview:
TURNKEY OPERATION! ABSENTEE OWNER. Oil Leasing Rights on a 220 acre site with 9 shut-in and equipped wells capable of producing 20 BPD. Net 87.5% Working Interest. Included in price point, all new cap rods. Current Independent Contractor with 30 years of experience on site to maintain existing wells and increase production by treating exisitng wells and drilling 30 new wells at owner's expense. HUGE 85% IDC tax credit from IRS commencing 1st year.
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:
Need capital
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.