Producing Oil Well For Sale
Location Texas,United States
Asking Price Range < $250K
Gross Revenues $98500
Net Profit / Cash Flow $40000
Cash Flow Type Sellers Discretionary Cash
Seller Finance No
Year Established 2011
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Leased
Reason for Sale Need the cash for a bad real estate investment.
Description For Sale is a 3 week old producing well that will last for 15-20 years. You will recieve your money back in less than 2 years. My loss is your gain, need the cash fast for a bad real estate investment and the checks in the mail they send won't help me. Oil is the one of the best investments you can get your hands on and I have taken all the risk for you, you just sit back and collect the checks. The well is in Rising Star, Texas and is currently producing 3-7 BOPD. Not a bad investment but it gets better. They are still working on the well to bring producting up. Other wells in this area produce 40-80 BOPD. In the next week are so they are putting the well under a vaccuum which will greatly increase production. I wish I could stay in this project for the long run but I need the cash fast.
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