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Business For Sale

Two Oil & Gas Field Operations In Kentucky

Hopkins, KY

Manufacturing: Non-classifiable

 
Asking Price:
Annual Revenue:
Net Profit:
Cash Flow:
Total Debt:
$900,000
Not Disclosed
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Not Disclosed
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FF&E:
Real Estate:
Year Established:
Employees:
Listing Number:
Not Disclosed
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0
600511343
Owner Financing is Available!
For a qualified Buyer.

Business Overview:

Since its’ conception, this company has been strategically dedicated to meeting the challenges faced by developing natural resources, protecting the environment, and integrating operations into a dialogue suitable for progress. In 2009, the company acquired the mineral rights, assets and the Oil and Gas Assignments from two prominent Kentucky companies. Each of these two sites equate to a total of over 4,400 +/- acres within Clark, Christian, Hopkins, Hancock and Ohio counties. As an aggregate, the company includes approximately $1.5MM in equipment assets, including pumping units, gas pipelines and multiple storage facilities. The company is also sitting on top of over $100MM in verified in ground oil and gas reserves. Each of the described properties herein have been inactive since 2005. Upon execution of a new production strategy, the production is expected to produce at higher amounts than what its production was in previous years. The area of the leasehold contains an estimated 4,400 acres. Also, included in the parcels are 3 lakes; over 50 oil, gas, and injection wells; several storage tanks; 7.5 miles of pipeline as well as a long list of other assets. Distressed partnership forces immediate sale. This is a very motivated seller who is willing to look at all offers. For more information, please contact Laszlo Nemeth of the Associates Mergers & Acquisitions: (818) 333 – 5023; info@theabb.com. Type of Sale: Asset. Asking Price: $900,000. Owner Financing: Yes for a qualified buyer. DRE License No: 01402579.

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:

Distressed partnership forces immediate sale.

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.
 

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