NW Louisiana Oil Producing Company For Sale

Business description

NW Louisiana Oil Producing Company for Sale For $975.000!
The breakdown of this company is as follows:
35 barrels/day production; shallow wells; 1/3 of production has 75% revenue interest & the other 2/3 has 82% revenue interest; 22 gravity oil; 52 wells producing; 30 wells that could be put back into production; all wells within 1 square mile, easy access; new central tank battery; all new flow lines; upgraded electrical system with automatic lease shut-down to prevent spills..
The expenses & figures relative to the production are : Electric bill for this operation is roughly $8,000.00 per month;- Chemical bill is $1,500.00 per month; Well servicing runs approx. $6,000.00 per month; Example of what these wells currently bring in: One month in 2009 oil sales totaled 858.56 barrels & sold for $66.958 per barrel which would be $57,487.46.
In addition to the 51 listed above there are 31 that could be put back into production, about half of which have tubing & rods. There are 7 salt water disposal wells, 5 we use & the other 2 need repairs
To put all wells back into production, someone would have to spend another $150,000.00 -$200,000.00. The operating cost above does not include labor or transportation for checking wells and treating wells with chemical.
Interested? Please contact us now for more information.

Property information

Real Estate:

Lease

Location:

Located in the North West Region of Louisiana.

Premises details:

Oil Producing Company

Other information

Expansion potential:

Great potential for expansion by Implementing a mobile part unit & fixing all rework wells

Competition / Market:

Little to no competition

Support & training:

Ongoing support & training will be provided. After first year reasonable priced consulting can be added.