View Business For Sale #176700 - Other Mining Businesses in Virginia

500+ Acres Income Producing Mineral Rights SW, VA

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Location

CityNot Disclosed
State Virginia
CountryUnited States

Not Relocatable

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Business Is A Franchise?
Management Will Stay?

Excellent Investment Opportunity in Energy/Natural Resources. I own 50% interest of Mineral Rights on 500+ Acres in Buchanan County, VA. All Mineral Rights are leased to Consol Energy (CNX Gas Company, LLC and Consolidation Coal Company). The 500+ acres are spread throughout the Oakwood Production Field. The Mineral Right Properties are currently on a 390 Well Grid and will be added to an additional 348 Ga Wells in 2010. There is still recoverable tonage of high grade bituminous metalurgical coal. Currently receiving monthly Royalties. Property Taxes paid by Consol Energy.

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