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- RE: Oklahoma Waterflood Oil Field For Sale | Wagoner County
- Contact: Karen Tipton
Quick Facts
| Asking Price: | $400,000 | |
| Annual Revenue: | $80,000 | |
| Net Profit: | Not Disclosed | |
| Cash Flow: | Not Disclosed | |
| Total Debt: | Not Disclosed | |
| FF&E: | $150,000 | |
| Real Estate: | $200,000 | |
| Year Established: | Not Disclosed | |
| Employees: | 1 | |
| BBN Listing #: | SB-57100 | |
| Broker Reference #: | TULSAOK001-57100 |
Business Overview:
A 114-well Dutcher Sand waterflood unit in Wagoner County, Oklahoma is available for acquisition at $400,000. The sale includes 100% working interest with an 80.09% net revenue interest, all mineral rights, existing wells and underground piping, a closed-loop waterflood injection system, approximately $150,000 in field equipment, a 5-acre parcel with metal shop and production building, and a 2.5-acre utility access parcel. Hard assets valued at $350,000. A prior reserve study supports an extrapolated recoverable reserve estimate of approximately 1.8 million barrels. Three wells currently produce approximately 5 barrels per day. Simple mechanical repairs to three existing wells totaling $25,000 are projected to increase production to 9 barrels per day with estimated payback of approximately four months at current oil prices. An additional 42 wells have been identified as rework candidates at an estimated cost of $45,000 per well, each adding approximately 2 barrels per day. The field has not had the capital investment required to capitalize on its potential -- that is the opportunity.
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Reason for Selling:
Kindly ask the seller for more information.Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity
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