Business For Sale

Oil & Gas Lease Package

Albany, TX
Shackelford County


Asking Price: Annual Revenue:
$400,000 Not Disclosed

Manufacturing: Energy, Oil, Petroleum, Gas Production


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RE: Oil & Gas Lease Package Broker: Robert

Quick Facts

Asking Price: $400,000
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 #: 45132769
Broker Reference #: Not Disclosed

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Business Overview:

Oil & Gas Lease Package $400,000

Oil & Gas Lease Package $400,000

These leases are located in West Texas and the Austin area.

Shackelford, Milam, Counties 

ROCKDALE LEASES
The Rockdale leases were purchased 2014 and 2015. All the Rockdale wells have been fractured. The recommendation is to rework and chemically treat the wells and keep the leases and wells well maintained. We have shallow rights down to 3000’.

McQuinn Unit 
McQuinn consist of two leases McQuinn and Carrizales totaling in 6.16 acres. Both Leases have two wells. The tank-battery is on Carrizales Lease. One well is pumping
McQuinn Unit wells are around 1730-1790 deep. 
Hannah International WI: 84.70% Other Investors WI: 15.30%
Hannah International NRI: 46.7% Other Investors NRI:63.53%

Elman Lease
Located around 2 miles S of Rockdale, along HWY 77. Elman Lease consist of 4.9 acres, has 3 wells, including one injection well. The wells are around 1720 deep. One well is pumping.
WI: 100%
NRI: 75%

Bocanegra Lease
Located 2 miles S of Rockdale, along HWY 77, Bocanegra lease consist of 7 wells on 9.17 acres including an injection well. The injection well can’t be completed unless a well on a neighboring lease is re-plugged. The wells are between 1700-1765 deep. 3 wells are pumping at the moment
Hannah International WI: 79.17% Other Investors WI: 20.83%
Hannah International NRI: 63.28% Other Investors NRI:11.72%

School Lease
Located on Baxter Ave., Rockdale. There is one well on the lease with no production. We did seismic to drill 3 more wells but the low oil price and development in city ordinance delayed our drilling plans. No well is pumping. 
WI: 100%
NRI: 75%

WEST TEXAS LEASES

TRICE, Methodist 400 and Trice and Methodist Home
Trice Lease is located 12 NE of Albany Texas. It is adjacent to Methodist 400 and Trice and Methodist Home Lease (all wells plugged).
Area: 257.75 Acres (Trice and Methodist Home, Methodist 400, Trice)
Shallow Rights down to 1000 ft.
Working Interest: 100%
NRI: 78%
Trice Lease consist of 19 wells, including 3 injection wells and 2 shut in wells. Two wells were drilled 2014. Most of the wells are around 625- 750’ deep in Kings Sands formation. We have been able to keep the wells well maintained and pumping. So far, we have plugged 3 wells on Methodist Home Lease and one well on Trice Lease. Recommendation is to turn well no. 34 into an injection well, replace the tank-battery, plug couple or wells or put into production, drill couple or more wells. We are currently selling one load a month, which is around 165-185 bbl.

METHODIST 400
Methodist 400 Lease is located 12 NE of Albany Texas. It is adjacent to Trice and Trice and Methodist Home Lease.
Area: 257.75 Acres (Trice and Methodist Home, Methodist 400, Trice)
Shallow Rights down to 1000 ft.
WI: 100%
NRI: 77%
Methodist 400 lease consists of 3 wells 619-640’ deep. Production is depending on the 2 injection wells on the neighboring Trice lease. 
The recommendation is to research putting wells on vacuum to increase the production.

Total Package Cost: $400,000.

Contact: Robert

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Additional Details:

  • The property is leased.
  • 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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