View Business For Sale #166309 - Oil & Gas Extraction in Tulsa

Working Interest for Sale - $100k to $2M

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Location

City Tulsa
State Oklahoma
CountryUnited States

Not Relocatable

Real Estate Included

Financials

Asking Price
Sales
Profits
Profit Type
Fiscal Year

Deal Terms

Business Is A Franchise?
Finders Fee Payable by Buyer?
Seller Financing Available?

Panoak Oil & Gas Corporation is looking to raise capital to expand the company by selling up to 20% of it's working interest in a group of 94 existing Natural Gas wells in Washington County, Oklahoma. Existing wells, known production, know reserves, monthly revenues, NO exploration russian roulette, NO "promote" fee, dollar for dollar deal. Third Party appraised at over $4M (full 20%) in Feb. 2009, prices are down, make us an offer, we are very reasonable. PUDs are included at no cost. Plenty of room to expand. We operate at a very reasonable expense. Great opportunity. Buy as little as 0.5% or any amount up to 20%. Good cash flow.

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