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- RE: Michigan: Own 3 Absentee Run Oil Wells
- Contact: Bob
Quick Facts
| Asking Price: | $132,000 | |
| Annual Revenue: | $2,000,000 | |
| Net Profit: | $135,000 | |
| Cash Flow: | $135,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | Not Disclosed | |
| Employees: | Not Disclosed | |
| BBN Listing #: | 995467 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Own 3 oil wells to be drilled in Guadalupe County, Tx. 21 previous producing wells drilled on the property with each producing between 46-84 BOPD ( Barrels Of Oil Per Day )all from just one zone at a depth of just approx. 2,500 ft. These new wells will be drilled down to 5,000 FT in order to go into 5 more very highly productive oil zones which have each produced BILLIONS of barrels of oil. Should these 3 wells each produce just the low end of 46 BOPD, as a 6% owner you would make approx. $11,000 A MONTH ( using an avg oil price of just $60 a barrel. Should these 3 wells each produce approx 84 BOPD , a 6% owner would make approx. $15,500 per month . The potential here is huge because of these new zones they are drilling into deeper down . Call for all the details . Bob 201-233-9652
**This is not an offer to buy or sell securities. Every investment / purchase of a small business carries risk , please do your due diligence ** >>
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Property Features and Assets:
Property is in Tx.
Reason for Selling:
Kindly ask the seller for more information.Additional Details:
- The property is Leased.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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