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

Chicago, IL
Cook County

Asking Price: Annual Revenue:
$107,000 $2,500,000

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: $107,000
Annual Revenue: $2,500,000
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 . A well on the property hit for 350 BPD ( barrels of oil per day ) and produced oil for over 33 years , it's just 900 feet from the next 2 wells to be drilled.
2 excellent wells on the property were completed in Jan. of 2019 and will be online producing oil and gas any day now. A total of just 50 barrels per day from both wells COMBINED makes you $80,000 a year PLUS you get great tax benefits . The same 350 BPD well that hit earlier would make you approx. $400,000 a YEAR or approx. $33,333 a MONTH .
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. Everyone is free to visit the well sites and meet with the owner anytime you like . 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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