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

Quick Facts

Asking Price: $206,000
Annual Revenue: $5,000,000
Net Profit: $175,000
Cash Flow: $175,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1950
Employees: Not Disclosed
BBN Listing #: 162050024
Broker Reference #: Not Disclosed

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Business Overview:

Great opportunity to own oil / gas wells to be drilled in Henderson County, Texas . The wells will be run by a very successful , well known oil company that has drilled and operated 100's of wells throughout Texas and Alaska. The wells are being drilled where the highly productive MALAKOF OIL FIELD, and the huge TRINIDAD RODESSA natural gas field meet . The avg well in this area hits for between 200-450 BOPD ( barrels of oil per day ) AND very large amounts of natural gas , meaning you get paid monthly from both the oil and the nat gas production . Some of the largest oil companies such as Exxon , Chesapeake , and a division of Shell Oil are drilling in the exact same area expecting big oil production.  If the well produces at just the low end of the avg well ,using an avg oil price of just $80 , a 5% owner makes approx. $17,000 a month from just the oil, plus another $2,000- $20,000+ a month from the nat gas .   Call me for all the info .  


** Not and offer to buy securities**

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Property Features and Assets:

The property has been producing huge amounts of oil and nat. gas since the 1950's 

Additional Details:

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

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