Business For Sale Listing 150362
Recently Worked Over Oil Lease +/- 7bbl/day 385k!!
Status as of Nov-21-2008 at 06:00 PM: Off The Market
Business Summary
This is an older field that we recently reworked and cleaned up. Two wells had been on a slow decline and with some attention production was brought up to betw 6/7 bbl/day. Besides existing production, the lease offers two excellent low risk drilling opportunities in the same formation as current production where IP (initial production) should range from 25-50 bbl/day. Working interest is 82.5% and the lease is located in a business friendly area with enough oil & gas suppliers that ongoing maintenance can bid out in a competitive environment. The lease needs to be sold to fund existing obligations and is being marketed as a cash offer ONLY for 385k. This one is priced to move and therefore no seller financing is available. I have complete maps and access to well information for the right, qualified buyer once an NDA has been signed. PRINCIPALS ONLY NO BROKERS
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