TULSA, Oklahoma
| Asking Price |
$400,000 |
Year Established |
|
|
| Annual Revenue |
$80,000 |
Reason for Selling |
|
|
| Annual P/L |
|
Attention |
Karen Tipton |
|
| Annual Cash Flow |
|
Listing Number |
1012601 |
|
| # of Employees |
1 |
Business Category |
Manufacturing: Auto & Transportation |
|
Business Overview:
A 114-well Dutcher Sand waterflood unit in Wagoner County, Oklahoma is available for
acquisition at $400,000. The sale includes 100% working interest with an 80.09% net revenue
interest, all mineral rights, existing wells and underground piping, a closed-loop waterflood
injection system, approximately $150,000 in field equipment, a 5-acre parcel with metal shop
and production building, and a 2.5-acre utility access parcel. Hard assets valued at $350,000.
A prior reserve study supports an extrapolated recoverable reserve estimate of approximately
1.8 million barrels. Three wells currently produce approximately 5 barrels per day. Simple
mechanical repairs to three existing wells totaling $25,000 are projected to increase
production to 9 barrels per day with estimated payback of approximately four months at
current oil prices. An additional 42 wells have been identified as rework candidates at an
estimated cost of $45,000 per well, each adding approximately 2 barrels per day. The field
has not had the capital investment required to capitalize on its potential -- that is the
opportunity.
Property Features and Assets:
Market Competition and Expansion:
Additional Details:
- The property is owned.
- This is not homebased business opportunity.
- This is not a franchise resale opportunity