Texas Oil Production Company For Sale

Business description

Texas Oil Production Company For Sale For $2,750,000 Working Interest in 387.779 acres! Four sites in production.
SITE ONE is on a 133 acre leased property. 100% working interest at 100% NRI. There are 2 producing, 1 injector, 0 shut in BOPD-5, 2 -210 tank batteries. 1 gun barrel, 1 saltwater injection pump (brand unknown), 2-180 pump jacks, pumps, rods, & tubing , 3 potential locations, Caddo, Penn ranger Barnett.
SITE TWO is on 31.04 acres above 2000' . 25% working interest @75%NRI. Producing wells--12--1 water supply, 0 shut-in BOPD established upon completion--50, 2 -210 tank batteries, gun barrel & separator, 12-60 pump jacks, surface pumps, & tubing
SITE THREE is on 194 acres of leased property below 2000' & 163 acres, above 2000'. 100% working interest @ 80%NRI. Above 2000' there are 5 producing wells-BOPD-6 & below 2000' there is one producing well. BOPD-i barrel 26MCFPD. 0 shut in. 1- 210 tank battery. gun barrel & separator, 50-60 pump jacks, 1-180 pump jack, 50 potential drilling locations above 2000" for a,b & c. Caddod & Penn Ranger formations, 10 potential drilling locations below 2000'--for Marble Falls & Barnett-Shale formations.
SITE FOUR is 100% working interest at 80% NRI. 26 producing wells, 2 injection wells BOPD. 12 0 shut in. 24 wells producing from the a,b, c crosscut sands & 2 producing from the Penn Ranger formation, approximately 1,700" 2-310 tank batteries, gun barrel & separator, 2 fiberglass water disposal tanks & triplex injection pump, 1 intermediate water pump, potential drilling locations, 6 into the Penn Ranger formation, 4 Marble Falls or Barnett -Shale.
Estimated operating costs--electricity is $1,500 per month. General Expenses $1,000 to $4,5000 per month. Owners will contract operate the lease for $250.00 per well per month. Owner offers financing up to 60% of the purchase price subject to credit terms & security agreements at Prime plus 2.5%. There are additional owned leases & production available in the immediate area that could be included. For more information,please contact us.

Property information

Real Estate:

Real Property Included

Location:

Located in Texas Working Interest in 387.779 acres! Four sites in production!

Premises details:

4 Oil Drilling Site Locations

Other information

Expansion potential:

Unlimited potential for expansion

Competition / Market:

Little to no competition

Support & training:

Ongoing support & training will be provided. After first year a reasonably priced consulting fee can be added

Reasons for selling:

More capital needed to expand production

Owner financing:

Owner financing is available. Please contact the seller for more information.

Financing available:

Owner offers financing up to 60% of the purchase price subject to credit terms & security agreements at Prime plus 2.5%.