OWN ABSENTEE RUN OIL WELLS $10-$50K+MO

Houston, TX
Houston County


Asking Price: Annual Revenue:
$120,000 $1,000,000

Retail: E-Commerce, Retail Websites


Request More Information
Contact the Seller

RE: OWN ABSENTEE RUN OIL WELLS $10-$50K+MO Broker: Bob

Quick Facts

Asking Price: $120,000
Annual Revenue: $1,000,000
Net Profit: $125,000
Cash Flow: $125,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1985
Employees: 2
BBN Listing #: 894050024
Broker Reference #: Not Disclosed

Email or Print Listing

Request More Information
Contact the Seller


Business Overview:

Great opportunity to own a piece of an oil absentee run well in Madison Co. Mississippi . The 10,000+ ft deep well was drilled in 1985 in the highly productive EAST FLORA OIL FIELD and produced almost 300,000 BARRELS OF OIL from just 2 zones. The well logs show their is still another 600,000 barrels of oil remaining in 3 other zones the old company never entered or completed . If they are only able to capture 1/3rd or 200,000 barrels of oil, at an avg oil price of $60 you would still make approx. 12x's your money or approx $1.4 mil. along with all the big tax writeoffs . If the well produces just 50 BOPD ( BARRELS OF OIL PER DAY ) you would make approx. $13,000 A MONTH , at 100 BOPD you make approx. $26,000 A MONTH . This is as good as it gets when it comes to oil well ownership or for that matter any ABSENTEE RUN BUSINESS . Call Bob for all the details , you are free to visit the site which I will do when work begins in June. Bob 201-233-9652


** This is not an offer or solicitation to buy or sell securities ***

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

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.

Relevant Links:

Request More Information
Contact the Seller



BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!