View Business For Sale #178023 - Oil & Gas Extraction in Other Kentucky

East Kentucky Oilfield for Sale, or Joint Venture

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Location

City Other Kentucky
State Kentucky
CountryUnited States

Not Relocatable

Financials

Asking Price
Sales
Profits
Profit Type
Fiscal Year

Deal Terms

Business Is A Franchise?
Principals Only?
Management Will Stay?
Willing To Co-Broker?

We have several very good oilfields in Eastern Kentucy either for sale or possible joint venture. Approximately 450 acres total, two tracts, 50 wells of which 29 are later model fully cased and cemented. All shallow, 650 to 850. Well logs available, oil zone summary prepared by Schlumberger. Not been seriously produced from 1986. Former operator filed for bankruptcy after spending a reported 7 million on this project and not fully completing it.
Presently rebuilding infrastructure need to finish some basics and will be ready for reworks, partner has run out of available cash and we are working the leases with limited funds and production.
This is Not an Old Used Up Field.. The Reserves are there and is a Great Opportunity for someone to get involved with a smaller project that has the potential for long term consistant production.

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