West Texas Permian Basin Leases, 40+ Barrels/Day

Not Disclosed, TX
Crockett County


Asking Price: Annual Revenue:
$2,400,000 $773,300

Manufacturing: Energy, Oil, Petroleum, Gas Production


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RE: West Texas Permian Basin Leases, 40+ Barrels/Day Broker: Jay Kvasnicka

Quick Facts

Asking Price: $2,400,000
Annual Revenue: $773,300
Net Profit: Not Disclosed
Cash Flow: $313,200
Total Debt: Not Disclosed
FF&E: $250,000
Real Estate: Not Disclosed
Year Established: 30+
Employees: Not Disclosed
BBN Listing #: 478728242
Broker Reference #: KS2752-JK

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Business Overview:

Highly desired 100% working interest on 2,900 leased acres in the world-famous Permian Basin! Eight mineral rights leases with surface to 3,000' production rights, currently operating 35 producing wells. Many years of historical production results available. Average depth is 1,500 feet.

These leases are easily assignable for transfer to buyer. The lease terms continue indefinitely for a long-term opportunity. Conveniently located in neighboring locations, these are properties that rarely become available for others to acquire.

Unlike other businesses, the operation does not involve selling to customers, advertising expenses, promotions, credit card processing, customer receivables, refunds, salespeople, and trade shows. At current market prices, these properties have steady cash flow.

When oil prices bounce up, you can enjoy additional income. Market price of crude oil is the primary non-controllable factor. The operation can be managed remotely. Seller, who is retiring, has a local pumper who maintains the equipment. The oil production continues 24 hours a day, 365 days per year. Amortizable capital investments for new drilling and production enhancements can be performed any time Buyer chooses.

To request more information regarding this listing, simply check the ADD TO REQUEST INFO BASKET button and when you are done searching and have made all your selections, simply click on the REQUEST INFO button at the bottom of the page.

Reason for Selling:

Retirement

Additional Details:

  • The property is leased.
  • The owner is 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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