Status as of Nov-21-2008 at 05:59 PM: Active
Seeking 50% Joint Venture partner for a large scale gas storage facility, located on an extremly large domal structure in Western Illinois. More than nineteen wells have been drilled and a $300,000 engineering study have targeted an aquifer in the very porous St. Peter formation. Gas storage facilities that graduate the permitting process both on the State and local level generall sell for $175 to $350 million for every 50 BCF capacity. This project without the Mt. Simon should range between 50-100 BCF.
Geology and Engineering studies available to qualified participant.
| Industry: |
Mining Businesses For Sale Oilfield Service Businesses For Sale |
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| Location: |
United States Businesses For Sale |
| Other: |
Franchises For Sale Very Small Businesses For Sale |
| Sector: | Mining |
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| Industry: | Oilfield Services |
| Classification: | United States |
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| Sales: | Not Disclosed |
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| Profits: | Not Disclosed |
| Profit Type: | Not Disclosed |
| Asking Price: | Between $2.5 Million and $5 Million |