Oil & Gas Royalty Interests Available

Oil & Gas Business For Sale in the Southwest US

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Listing Number:

148405

Status:

Off The Market

Business Type:

Mining - Oil & Gas Extraction

Location:

Southwest States

Price:

Not Available

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HIGHLIGHTS INCLUDE:

$10,000,000 Total Offering
50 units offerred at $200,000
390+ producing wells
Geographically diversified. Over 67,000 acres in 72 counties throughout Texas, Oklahoma, Alabama, Arkansas, Illinois, Louisiana, Mississippi and North Dakota
78% gas, 22% oil
Development potential: multiple uphole and infill opportunities, 150+ possible new productive locations
Premier reservoirs including Deep Bossier, Barnett Shale and Permian Basin
Deep Bossier is the only US development project on ConocoPhillips' Top 8 list
Immediate cash flow may exceed $95,200 per month - Gross revenue from all wells approximately $80 million per month (January through March 2008 data)
Annual cash flow of 11.4% to investors assuming recent production levels priced at $8.50 mcf fas and $93 bbl oil
Nationally recognized operators including Chevron, Exxon-Mobil, Shell, Chesapeake, Kerr-McGee, XTO, Samson, Range Resources, Encana and Devon
Direct ownership by mineral deed assignment
IRC 1031 exchange compatible

The Sterling Project, Inc. and their affiliates create value for its investors by acquiring royalty interests in properties that have consistent production, provoen long-term reserves and the opportunity for growth.

Disclaimer: MergerNetwork.com has not independently verified any of the information in this listing and makes no warrany as to its accuracy or completeness.