Business Overview:
Texas Oil Field $2 million (estimated 200 BOPD)
The Project includes 14 leases with 85 total wells. Easy acquire. This consists of 22 producing wells, 58 shut in wells, and 5 Salt Water Disposal (SWD) wells. The leases cover approximately 1,025 acres and are in 5 groups of wells. The wells have previously produced at an average rate of 70 Barrels of Oil Per Day (BOPD). Presently 22 of these wells are only producing oil at a rate of approximately 30 BOPD. This reduced production is primarily due to the lack of an operations manager in the field. Presently the 22 producing wells are producing at a rate of about ½ - 2 BOPD for each well. If 30 shut-in wells, of the 58 shut-in wells, are brought on line it is expected that the production rate will be at least a consistent 5 BOPD per well and probably closer to 10 BOPD per well. Purchase the operating company with their assets which include the wells, equipment, and includes a Texas Rail Road Commission authorized operating account. The current producing wells will not be taken down for rework until most if not all of the non-producing active wells are reworked. This will ensure a constant cash flow. Presently the leases produce about 30 barrels of oil per day or 900 barrels per month. Upon the completion of reworking the 30 non-producing shut in wells, and after the initial capital injection is repaid, the current producing wells will be evaluated and upgraded. The key to the success of this project is the rework of the shut-in wells and to optimize the production of the current producing wells. With the ability to commingle all of the possible producing zones in the well, production will increase significantly. Rework on the wells will normally not take longer than 2 to 5 days per well. After 30 of the shut in wells are reworked, production should increase to an average in excess of 2 – 6 BOPD for a potential total production of 300 BOPD.
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.
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.
- This is not a distressed business or bankruptcy situation.