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BUSINESSES FOR SALE

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.

Businesses For Sale   >>   Texas Businesses For Sale Categories   >>   

Oil Wells For Sale

Location  Texas,United States
Asking Price Range  $5.0M - $10.0M
Gross Revenues  $1000000
Net Profit / Cash Flow  $800000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  No
Year Established  2000
Number of Employees  6 - 9
Relocatable  No
Number of Employees  6 - 9
Real Estate  Owned
Description  Actively Producing Oil Fields / Wells for Sale. This company has elected to privately market its Matthews and East Tunstill fields, located in the Permian Basin in Loving and Reeves Counties, Texas, as well as its W. Ganado Field, in Jackson Co., Texas. The sale will be conducted on a negotiated basis. The properties are characterized with predictable, stable oil declines and significant proved identified upside opportunities including multiple PDNP behind pipe zones and PUD locations. There is also an installed and operating water flood which is classified as PUD, plus additional unproved upside with significant value (see below). The current sales volume from the properties is approximately 420 BOE/day (80% oil), yielding net cash flow of more than $550,000/mo. Estimated total proved reserves for these assets are 3.4 MMBOE. Contact for more information on these Oil Wells for sale.
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