Business For Sale Listing 154918
Gas and Oil Leases Ohio& Indiana Near Large Field
Status as of Nov-21-2008 at 05:59 PM: Active
Business Summary
The Ohio prospects are within the Knox formation, well-known for its prolific oil
production. This costing scenario assumes that two (2) prospects will be leased
and delineated by geophysical methods (i.e., seismic). The best-defined
prospect will be drilled. The remaining prospect (and acreage around the drilled
prospect) will be placed within an area of mutual interest (AMI) that will allow the
investor to have first right of refusal to drill additional wells.
Reserves in the Knox are estimated at 300,000 BO/well. Assuming a 70% net
revenue lease (NRI), 300,000 BO/Prospect X $80/BO X 70% lease = $16.8 M
over a 10-15 year period with $4.2 M payout over the first three years.
The Indiana leases are near producing fields and have geology to support drilling which is shallow. The area is very productive. A more detailed report including geology is available on request. This lease would involve a very modest investment by industry standards.
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 |
|---|
Financials
| Sales: | Not Disclosed |
|---|---|
| Profits: | Not Disclosed |
| Profit Type: | Not Disclosed |
| Asking Price: | Between $100 Thousand and $500 Thousand |
