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Businesses For Sale   >>   Utah Businesses For Sale Categories   >>   

Producing Oil Lease In Kentucky

Location  Utah,United States
Asking Price Range  $250K - $500K
Gross Revenues  $365000
Net Profit / Cash Flow  $298570
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Not Disclosed
Year Established  1958
Number of Employees  1 - 3
Inventory  100000
Relocatable  Yes
Number of Employees  1 - 3
Real Estate  Leased
Training  Local independent contractor with years of experience will operate this field for $150 per month per well
Reason for Sale  relocating
Description  TURNKEY OPERATION! ABSENTEE OWNER. Lease the oil rights on 326 acre site with 4 equipped wells (1 is new drill) 2-110 steel tanks with large water separator, flow lines and electric and a new water disposal injection well 2100FT deep. Capable of 7-12 BPD. 100% W.I. with 87.5% NRI on 1 well & 81.25% on 3 wells . Total depth is 500-600 ft. Increase production by drilling new wells, chemically treat existing wells. Local independent contractor will operate this field for a small monthly fee. Cash flow calculated at 10 BPD at $100 oil.
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