Business For Sale Listing 145904
400 Acres W/ Producing Wells in Illinois
Status as of Oct-5-2008 at 06:00 PM: Active
Business Summary
Apprx 400 Acres / Producing wells. All reworks should bring production up considerably. 4 to 5 new wells can be drilled. Two are already spotted and permitted. 85% NRI. 5 existing wells. Expected IP on new wells drilled typically 50 to 100 BOPD. Two formations on this property are the McCloskey and Salem. (2800 to 3200 ft. Well life 40 to 50 years. Geological report available. New tank batteries on location, pump jacks are in working order. Logs are available on existing wells. Takes only 7 to 8 days to drill and complete a new well. This is a steal 550K considering size of this acreage, initial production in the area and replacement cost of all of the existing equipment which is in very nice shape.
Categories
Industry
Location
Financials
| Sales: |
Not Disclosed |
| Profits: |
Not Disclosed |
| Profit Type: |
Not Disclosed |
| Asking Price: |
Between $500 Thousand and $1 Million |
