Business For Sale Listing 154915
Nebraska - This One Will Make Another Big Oil Co.
Status as of Nov-21-2008 at 05:59 PM: Active
Business Summary
We have a 20 mile long anticline with only 2 wells drilled in the 1920's which came in at under around 30 BOPD natural. Many sand formations are capable of producing 2-4 times natural production with acid and frac treatment. At that time there was a $ 50,000. Bonus being paid by the state for the 1st oil well over 50 BOPD so they walked away. We have copies of the original driller's logs. There is excellent core hole structural data from 10 wells defining the anticline. We have leased over 5,000 acres and is there now leasing more. This is a 50,000 acre prospect. We don't want to drill until we get more acreage under lease because we don't want to just prove it up for the major oil companies.
Categories
| Industry: |
Mining Businesses For Sale Mining Companies For Sale |
|---|---|
| Location: |
United States Businesses For Sale |
| Other: |
Franchises For Sale Very Small Businesses For Sale |
Industry
| Sector: | Mining |
|---|---|
| Industry: | Mining (Except Oil & Gas) |
Location
| Classification: | United States |
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Financials
| Sales: | Not Disclosed |
|---|---|
| Profits: | Not Disclosed |
| Profit Type: | Not Disclosed |
| Asking Price: | Between $1 Million and $2.5 Million |
