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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.

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

Oil & Gas Lease - Production & Growth Potential

Location  Texas,United States
Asking Price Range  $2.5M - $5.0M
Gross Revenues  $900000
Net Profit / Cash Flow  $700000
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1995
Number of Employees  1 - 3
Inventory  550000
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Leased
Reason for Sale  Owner is ready to retire.
Description  Turnkey-Absentee Owner - East TX oil/gas lease with current production, growth potential, & large reserves. 2 leases HBP combined for 1,514 acres. Currently has 4 wells producing 14 BOPD & 135 MCFs per day w/ 1 shut-in well. Owner is selling 100% WI with 81.25% NRI on one lease and 70% NRI on the other lease. A reserve report has estimated over 1.4 million barrels of recoverable oil and 3.7 million MCFs of recoverable gas. No casing or wall damage on the four producing wells, equipment and lease has been well-maintained.
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