Business Overview:
TURNKEY OPERATION! ABSENTEE OWNER! Oil lease with Net 75% Working Interest. 465 acres with 67 total wells - 12 wells producing 15 Barrels Per Day(BPD), 42 shut-ins, 13 salt water disposal wells. Current operator will rework 30 shut-ins and add 12 new drills included in purchase price. Timeline to complete is 4 months for a potential of over 200 BPD. The reserve analysis forecast is 2 million barels of recoverable oil in the leased area. Oil prices calculated on Texas spot currently around $90 per barrel.
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 development capital
Additional Details:
- The property is leased.
- The owner is willing to train/assist the new owner.
- This is a homebased business opportunity.
- This is not a franchise resale opportunity.