Producing Oil Field
This oil field has great potential for increased production. It is on a 2-1/2 acre tract with five producing wells - two are in maintenance and three are currently producing 5-6 barrels a day and with one more back onlline it will produce a total of 8 barrels per day. Equipment value is $300,000 plus mineral rights, real estate and equipment. The field is operated by one employee. This field was established in 1976 with an investment of $13MM.
Financials (USD)
Asking Price $600,000
Cash Flow On Request
Sales $165,000
Deal Terms
Represented by broker? Yes
Buyer Fee? No
Seller Financing? No
Willing to co-broke? Available On Request
Principals only? Available On Request
Franchise? No
Management will stay? No
Relocatable? No
Real Estate? No
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