Own Oil Wells / Absentee Run $10K-$30K+ MO.

Chicago, IL
Cook County

Asking Price: Annual Revenue:
$129,000 $3,500,000

Food & Beverage: Restaurants, Fast Food, Deli

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RE: Own Oil Wells / Absentee Run $10K-$30K+ MO. Broker: Bob

Quick Facts

Asking Price: $129,000
Annual Revenue: $3,500,000
Net Profit: $150,000
Cash Flow: $150,000
Total Debt: Not Disclosed
FF&E: Not Disclosed
Real Estate: Not Disclosed
Year Established: 1985
Employees: 2
BBN Listing #: 895650024
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 an extremely well respected company with 35+ years of experience . The last well drilled on the property was 2 years ago and it hit for 250 BOPD ( barrels of oil per day ). The surrounding properties have wells that hit for between 10 - 1,300+ BOPD with 3 of the wells hitting for over 600 BARRELS PER DAY!! Should both wells COMBINED hit for 600 BOPD you would make approximately $960,000 A YEAR ( assuming an avg oil price of $60 ) so you can see oil well ownership can be VERY rewarding. Even just 50 BOPD , both wells combined , makes you approximately $80,000 all absentee run for you. No monthly rent, no payroll, no inventory........ It’s run for you by a co. with more than 35 Yrs of success in Oklahoma . Only 5 spots remaining so call me ASAP , plus you are free to visit the well site in Oklahoma and meet the company . Bob 201-233-9652

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

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Property Features and Assets:

Wells located in Oklahoma

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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