OWN Oil Wells / Absentee Run $10K-$50K+ MO.

Boston, MA
Suffolk County


Asking Price: Annual Revenue:
$60,710 $1,000,000

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RE: OWN Oil Wells / Absentee Run $10K-$50K+ MO. Broker: Bob

Quick Facts

Asking Price: $60,710
Annual Revenue: $1,000,000
Net Profit: $90,000
Cash Flow: $90,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 2006
Employees: 2
BBN Listing #: 382850024
Broker Reference #: Not Disclosed

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Business Overview:

Great opportunity to own a piece of a very successful / profitable ABSENTEE RUN NATURAL GAS well that was drilled in 2006 on a 13,000 acre lease property ,which is located on a 200,000 ACRE ranch in Texas . This well , along with 54 others , produced large amounts of natural gas for over 10 years . Two of the wells were drilled in the 1930's and are STILL PRODUCING NATURAL GAS today. The company which owns all the wells was started in 1994 by some executives from Exxon , Anadarko , Shell Oil and they have had incredible success ever since .
They spent over $5 mil getting this property ready to drill 100+ more wells and had a $60 mil commitment from a large fund , weeks befor ethe drilling started COVID hit and everything in the industry came to a halt . Instead of waiting around they switched gears and had Schlumberger Oil ( The go too company for well evaluations ) , after Schlumberger did a well tests on the wells that had stopped producing after many years with it's newest state of the art/ patented technology , they determined their is still a very large amount of natural gas in other zones along with many oil zones . This first well is the cream of the crop with a new 100+ft natural gas zone and 2 very good oil zones at only 900-1,800ft levels. As far as oil/ gas projects go, it does not get any better than this as SCHLUMBERGER OIL gave the well a rating of PROVEN , which means better than 90% chance the well will produce th eoil and gas . They cannot say 100% since they cannot give guarantees. This one is an absolute no brainer.
The property is in Maverick County, Tx. which is part of the greater Maverick Basin where operators are targeting the Pearsall shale gas formation and the liquids-rich Eagle Ford shale oil play. The ranch itself has major oil drilling companies such as SHELL , ANADARKO AND NEWFIELD EXPLORATION that currently own wells and continue to drill. This is a tremendous opportunity get into a great project right alongside the major players. At least 10 more wells will be drilled in the near future and you will have first rights on getting into those projects. 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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