Manhattan, NY
New York County

Asking Price: Annual Revenue:
$120,000 $2,000,000

Manufacturing: Energy, Oil, Petroleum, Gas Production

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Quick Facts

Asking Price: $120,000
Annual Revenue: $2,000,000
Net Profit: $125,000
Cash Flow: $125,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1985
Employees: 3
BBN Listing #: 916750024
Broker Reference #: Not Disclosed

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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 ***

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Additional Details:

  • The property is leased.
  • 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.

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