Low risk & high return oil leases 10 formations

Marshall, TX
Marion County

Northeast Texas

Asking Price: Annual Revenue:
$5,500,000 Not Disclosed

Services: Utilities: Electric, Gas, Water, Sanitary

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RE: Low risk & high return oil leases 10 formations Broker: Seller of Business

Quick Facts

Asking Price: $5,500,000
Annual Revenue: Not Disclosed
Net Profit: Not Disclosed
Cash Flow: Not Disclosed
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 258957568
Broker Reference #: Not Disclosed

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Business Overview:

KMK oil & Gas, Inc. - 65 Oil & Gas Well Development Prospect On 1,450 Acres In One Lease Block In N\E Tx. - 400 To 600 BOPD & 1,000 To 5,000 MCFGD Vertical Wells & 1,500 To 3,300 BOPD & 10,000 To 30,000 MCFGD Horizontal Wells With 75% To 83.33% NRI Surrounded By Production On All Four Sides By Major Oil Companies - 2-D Seismic, Feasibility & Petrophysics Studies - Oil Trap, Gas Tap Installed, Road & Loc. Built & Ready To Drill - Targets Are Cotton Valley, Bossier Shale, Haynesville Shale & Smackover Formations With 3,500' Of Sand To Test - Structurally High - Expected Revenue For A Vertical Well $73.0 To $100.0 Million - Revenue For A Horizontal Well $220.0 To $300.0 Million - Lifetime 20 To 40 Years Or More With A Success Rate Of 90% Or More - 9,000 Sq. Mi. Area Gas Play - Fourth Largest Gas Play Worldwide - Expected To Have 35,000 To 50,000 More Wells Drilled In The Future - Total Depth Approx. 12,500' - Very Little Lease Acreage Available - Home Based Company.

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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.

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