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- RE: Ohio: 2 Absentee Run Oil Wells / Make $200k Yr
- Contact: Bob
Quick Facts
| Asking Price: | $115,000 | |
| Annual Revenue: | $5,000,000 | |
| Net Profit: | $200,000 | |
| Cash Flow: | $200,000 | |
| Total Debt: | Not Disclosed | |
| FF&E: | Not Disclosed | |
| Real Estate: | Not Disclosed | |
| Year Established: | 2025 | |
| Employees: | 2 | |
| BBN Listing #: | 1002384 | |
| Broker Reference #: | Not Disclosed |
Business Overview:
Tremendous opportunity to own a piece of 2 oil wells to be drilled Ohio. This well produced over 4,000 barrels of oil per day , every day for 7.5 years before daily production dropped into the high 3,000's .   On the other side of where the 2 new wells will be drilled, a well next door produced over 2,000 barrels of oil every day for over 9 years before production dropped to 1,800 barrels per day .  The founder of this project is Michael Johnson who is recognized as the most successful oil man in the U.S. over the last 25+ years , he was finally able to get the drilling rights for this specific property after trying for over 30 years !!   If these 2 wells COMBINED produce an avg of just 1,000 barrels a day , using an avg oil price of $70, an owner of just 1% of these 2 wells would make approx. $15,000 a month .    Should the 2 wells COMBINED produce the same 4,000 barrels a day as the well next door,  you're making approx. $60,000 A MONTH .  The #'s don't lie.  Only 1% remains available for sale at a cost of just $115,000 with only $76,650 due now .  Call Bob.  201-233-9652Â
**This is not an offer to buy or sell securities**
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Property Features and Assets:
Nye County, Nevada
Reason for Selling:
Kindly ask the seller for more information.Additional Details:
- The property is Leased.
- The owner is willing to train/assist the new owner.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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