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| Asking Price: |
$750,000 |
Status: |
Active |
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| Business Type: |
Manufacturing / Petroleum Refining And Related Industries
Construction / Construction - Others |
Reference #: |
476 |
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| Business Location: |
Texas |
Broker Coop: |
No |
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Annual Income Information |
Labor Information |
| Gross Sales: |
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Full-Time Employee: |
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| Cash Flow: |
$3,500,000 |
Part-Time Employee: |
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Business Detail Information |
Lease Information |
| Form of Ownership: |
Sole Proprietorship |
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Rent Increase: |
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| Seller Training Available: |
Yes (as needed) |
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Price Description |
Financial Information |
| Real Estate Included: |
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Business Description |
"YES, the cash flow is correct. 2 of the 4 wells are already completed and have came in at HIGH sustained production numbers on this field. The 3rd well is currently being drilled and will be completed soon. These oil and gas wells for sale are deep horizontal, on shore south-eastern Texas. Over 2500 Acres Leased. The located next to a field that has produced some 4.8 tcf gas and 750 million barrels of oil from a Chalk formation. 8 pay zones on each well. Recent Log reinterpretation by well known geologists indicates multiple hydrocarbon bearing zones with over 350 feet of potential reservoir thickness between 5500 and 9000 feet. Seismic and mapping confirm that the current acreage is located in a strong trapping position relative to oil generation and migration. 3 operators have recent Successful Records with the Texas Railroad commission in the area and showing impressive results of 100 – over 750 bopd . The Play recovered over 480,000 barrels of oil in 10 months.
Visit Investments and Acquisitions For More Information or view other Oil Wells for Sale Here
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