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  • RE:  Own Absentee Run Oil Wells / Make $250K Year
  • Contact:  Bob F.

Quick Facts

Asking Price: $135,000
Annual Revenue: $5,000,000
Net Profit: $125,000
Cash Flow: $125,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1929
Employees: Not Disclosed
BBN Listing #: 593750024
Broker Reference #: Not Disclosed

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Business Overview:

Great opportunity to own oil / gas wells on a 13,000 acre ranch in Maverick County ,Tx. The property has been producing oil and natural gas since the 1920's, and at one time provided the entire county with natural gas. One of the largest oil companies in the world, Halliburton, has identified for ESCO OIL, 25 old natural gas wells drilled between 1930- 1990 which all drilled down to 6,000ft in order to capture the huge supplies of natural gas. On the way down, the drilling companies drilled right through large amounts of oil at around the 3,000 feet depth, and no one has ever gone back into the wells for the oil ,until now. These new wells will capture both the oil and large amounts of nat gas at the 6,000Ft depth. If the well produces 100 BOPD , using an avg oil price of just $80 ( it's going well over $100) , a 4% owner makes approx. $7,500 from just the oil + est. are anywhere from $2,000 -$10,000+ a mo. from the nat gas . Plus the GREAT tax write-offs , this is a must own . Bob 201-233-9652 *** 

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Property Features and Assets:

WELL IS LOCATED IN MAVERICK COUNTY , TX ON THE 13,000 ACRE CHITTIM RANCH .

Additional Details:

  • The property is owned.
  • This is not homebased business opportunity.
  • This is not a franchise resale opportunity

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