Business For Sale Listing 154913
Michigan - Near Field With 800,000 BO Reserves
Status as of Nov-21-2008 at 05:59 PM: Active
Business Summary
Each prospect could contain 3,000-6,000 acres on trend or more. The NW, in Emmet County, has 2D seismic plus landsat and a lengthy geological report showing a strong similarity to the Albion Scipio field wherein oil was produced from mainly lows between the highly folded and faulted highs in a narrow band. The SE prospect is a major fault intersection with the Bowling Green Fault. It is not far from where Continental hit around 182’ net pay and estimated reserves of 800,000BO+. It is located in Lenawee County Near Deerfield, Michigan and is based upon landsat imaging cross referencing a number of sophisticated satellite images . This has been done by a tenured geologist/ geophysicist of a major University. It was his company, which did over 1300 studies for major oil and gas and mineral companies in the 1980’s. We have additional Michigan studies in Sanilac, Calhoun, Jackson, Macomb, St Clair Counties among others but we like the 2 above referenced the best. We have private access to that library and are drilling just west of the Bowling Green Fault near Bowling Green, Ohio, perhaps 50 miles south. A number of those wells in that area came in from 10,000- 50,000 BOPD according to state publications. Since the BFG was the oil pathway to Findlay, Ohio out of the Michigan basin we are simply tracking along it back into Michigan looking for additional potential traps.
Categories
| Industry: |
Oil & Gas Exploration Companies For Sale Mining Businesses For Sale |
|---|---|
| Location: |
United States Businesses For Sale |
| Other: |
Franchises For Sale Very Small Businesses For Sale |
Industry
| Sector: | Mining |
|---|---|
| Industry: | Oil & Gas Extraction |
Location
| Classification: | United States |
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Financials
| Sales: | Not Disclosed |
|---|---|
| Profits: | Not Disclosed |
| Profit Type: | Not Disclosed |
| Asking Price: | Between $100 Thousand and $500 Thousand |
