Asking Price: $145,000Own Absentee Run Oil Wells / Make $250K Year
Los Angeles, CA
Los angeles County
Great opportunity to own oil 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. Because the well has already been drilled, the cost is much cheaper, plus they have the drilling & well logs showing all the oil. There are no maybes , possibly, could be ...... THE OIL IS THERE.Halliburton, NuTech & Esco oil , all agree each well has approximately 250,000 barrels of oil waiting to be produced so this is as good as it gets. With oil currently $92 a barrel on it's way to $125 , this is an absolute no brainer to own. Estimates are the well will produce on the low end 50 BOPD ( barrels of oil per day ) , high end 150 BOPD . Using an avg oil price of $90 a barrel over the next 10 years ( it will be higher ) , if the well produces the low end of 50 BOPD , a 20% owner of the well makes approximately $20,000 A MONTH , getting your entire $140,000 back in just 7 months !! Should the well produce in mid range estimate , 100 BOPD , a 20% owner would make approx. $40,000 A MONTH , getting all your $ back in just 3-4 months . Should the well come in at the high estimated production level of 150 BOPD , using the $90 avg oil price, a 20% owner would make approximately $60,000 A MONTH !!! As the price of oil goes higher , your monthly checks get larger . Add in the TREMENDOUS tax write-offs you get with oil well ownership ,and this is an absolute must own. I am in this one personally and I suggest all of you get in while it's still available ( just 20% remaining for sale ). You can buy 10% ownership for just under $71,000 , those in on this well will have right of first refusal for the next wells which is huge . As always, when the work starts in the first half of Oct., I will be traveling to the well site to meet with the company and watch them work on your well. I strongly encourage all of you owners of the well to join me , you will LOVE it . I fly into and stay in San Antonio , the next day we drive to the well site in Eagle Pass, Tx. and stay for 4-6 hours . As I said, everyone loves seeing them work on YOUR oil well .Call me ASAP , this is just about sold out . I am absolutely sincere when I say this one is as conservative as it gets with oil well ownership , yet the returns can be TREMENDOUS . THE OIL IS 100% THERE. Call me to buy in , more info , questions ..... Bob*** This is not an offer to buy or sell securities ****** Neither Halliburton or NuTech is an owner / operator of this well . They were brought in to analyze the well and give an opinion on the amount of oil in the well , both agreed there is a substantial amount of oil in each well , enough to make it a very profitable well.***
