Own A Producing Absentee Run Oil Well

Los Angeles, CA
Los Angeles County

Asking Price: Annual Revenue:
$115,000 $2,500,000

Manufacturing: Energy, Oil, Petroleum, Gas Production

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RE: Own A Producing Absentee Run Oil Well Broker: Bob

Quick Facts

Asking Price: $115,000
Annual Revenue: $2,500,000
Net Profit: $100,000
Cash Flow: $100,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 35
Employees: 2
BBN Listing #: 113750024
Broker Reference #: Not Disclosed

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Business Overview:

Great ABSENTEE RUN business, in fact the only TRUE Absentee run business you'll find. Keep your day job for now and own a piece of 2 wells to be drilled in Oklahoma and 100% managed for you by a extremely well respected company with 35+ years of experience . The last well drilled on the property hit for 350 BPD ( barrels of oil per day ) and produced oil for over 33 years .
The beauty of this business is you can expand at your own pace since the co. has 10+ years worth of projects to be drilled , you have NO monthly payroll, NO employees , NO inventory , NO rent, your only monthly bill would be $80 a month for the company managing the day to day operations of the wells. Add in the very low cost to get started along with the INCREDIBLE tax benefits / write-offs and to me this is by far the best opportunity out there. I will be in Oklahoma at the well site with the company Aug 22-24 for anyone who would like to come visit and meet the company , call me right away if you would like to meet since we keep the number of people to about 6 at a time and this is the last shot to get in. Bob 201-233-9652

*** This is not an offer to buy or sell securities

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Property Features and Assets:


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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