3 Kansas Oil Leases with Cash Flow & Tax Benefits

Not Disclosed, KS

Asking Price: Annual Revenue:
$490,000 $143,914

Manufacturing: Energy, Oil, Petroleum, Gas Production

Request More Information
Contact the Seller

RE: 3 Kansas Oil Leases with Cash Flow & Tax Benefits Broker: Ron Kleier

Quick Facts

Asking Price: $490,000
Annual Revenue: $143,914
Net Profit: Not Disclosed
Cash Flow: $126,874
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: Not Disclosed
Employees: Not Disclosed
BBN Listing #: 912428242
Broker Reference #: KS2820-RK

Email, Print & Share

Request More Information
Contact the Seller

Business Overview:

NOW AVAILABLE -- three exclusive mineral right leases in Eastern Kansas which will provide immediate cash flow from steady oil production. The business includes the mineral rights on properties totaling 419 acres of shallow sand and limestone oil fields.

Currently there are 30+ operating registered wells. Water flooding injections are an excellent option for increasing performance. Pumps, holding tanks, piping, and leasehold improvements are included in sales price. These lease agreements are easily assignable for transfer to buyer. The lease terms last indefinitely for a long-term opportunity. Conveniently located in neighboring locations, these are properties that rarely become available for others to acquire.

Unlike other businesses, this operation does not involve selling to customers, advertising expense, promotions, credit card processing, customer receivables, refunds, and trade shows. Production is averaging 8 barrels per day. Last year’s weather conditions slowed production, as wells were difficult to reach for monitoring. Seller has estimated sales and cash flow based on current market conditions. When the oil prices bounce up you can turn up production for additional income.

The operation can be managed remotely with a local maintenance manager to regularly service the equipment. The oil production continues 365 days per year. Amortizable capital investments for new drilling and production enhancements can be performed any time Buyer chooses. Check with your CPA for favorable tax advantages with this oil and gas investment.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Other business interests.

Additional Details:

  • The property is owned.
  • The owner is willing to train/assist the new owner.
  • This is not a homebased business opportunity.
  • This is not a franchise resale opportunity.

Relevant Links:

Request More Information
Contact the Seller

BusinessBroker.net is one of the largest business for sale marketplaces in the world that connects tens-of-thousands of business buyers and sellers every month. Sell a Business Online or if you’re a broker or a commercial agent sign up for a Business Broker Membership today!