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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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Garrett Lease

Location  Oklahoma,United States
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $2956500
Net Profit / Cash Flow  $1951290
Cash Flow Type  EBITDA
Seller Finance  No
Year Established  1910
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Reason for Sale  Needs capital for other projects.
Description  Turnkey operation! Absentee owner. Oil Leasing Rights with Net 66% Working Interest. 750 acre site with 43 oil wells, 12 water injection wells, 2 water supply wells. Current production is 90+ BPD and increasing as production settles in with water flood taking effect. Production expectation 120-150 BPD in 3-4 months time. Current Independent Contractor on site to maintain existing wells & drill 200 new wells at owner's expense. HUGE 85% IDC tax credit from IRS 1st year. Cash flow calculated at $90 oil.
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