OWN Oil Wells / Absentee Run $8K-$50K MO.

Mumbai, India

Asking Price: Annual Revenue:
$224,000 $8,000,000

Technology: Internet, Websites

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RE: OWN Oil Wells / Absentee Run $8K-$50K MO. Broker: Bob

Quick Facts

Asking Price: $224,000
Annual Revenue: $8,000,000
Net Profit: $200,000
Cash Flow: $200,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2010
Employees: 3
BBN Listing #: 632750024
Broker Reference #: Not Disclosed

Email or Print Listing

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Business Overview:

Great opportunity to own a piece of a oil/ natural gas well in Maverick County, Texas. They well has already been drilled and about to be put online and producing ! The well is on a 13,000 acre property which has been producing very large amounts of naturally gas since 1929 and just recently began producing oil . This well has excellent oil shows in 3 different zones and very large natural gas shows in 3-4 different zones meaning this well could produce for 25-50+ YEARS
For just $224,000 you will own 10% of the well which will start off producing natural gas which is currently $7.80 and heading to $15+ . A HUGE bonus here is the nat gas produced on this property is so rich they are paid an 18% premium , which means instead of $7.80 , you are paid $9.20 . If the well produces natural gas at the rate all the data / info / test results show, a 10% owner using a market price of $7.80 , would make approx. $18,000 a month just from the nat gas . Call me for all the details/ info , this is one you do not want to miss , THE WELL HAS ALREADY BEEN DRILLED !! It's very realistic you could receive monthly income from this well for the next 25-50 years . Add in the TREMENDOUS tax writeoffs in oil/gas well ownership and this is a must own. All of the owners of the well are welcome to join me at the well site around end of May, you will love watching them work on your well , meet the company , tour the property..... Plus you do not have to do anything, it's all run by a company with 30+ years of success. Bob 201-233-9652

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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.

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