Oil Production Company For Sale
Location:
United States
->
Texas
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Hale County
Industry: Manufacturing > Clothing and Footwear Manufacturing
Business Summary
Texas Oil Production Company For Sale For $2,750,000 Working Interest in 387.779 acres! Four sites in production. SITE ONE is on a 133 acre leased property. 100% working interest at 100% NRI. There are 2 producing, 1 injector, 0 shut in BOPD-5, 2 -210 tank batteries. 1 gun barrel, 1 saltwater injection pump (brand unknown), 2-180 pump jacks, pumps, rods, & tubing , 3 potential locations, Caddo, Penn ranger Barnett. SITE TWO is on 31.04 acres above 2000' 25% working interest at 75%NRI. Producing wells--12--1 water supply, 0 shut-in BOPD established upon completion--50, 2 -210 tank batteries, gun barrel & separator, 12-60 pump jacks, surface pumps, & tubing SITE THREE is on 194 acres of leased property below 2000' & 163 acres, above 2000'. 100% working interest at 80%NRI. Above 2000' there are 5 producing wells-BOPD-6 & below 2000' there is one producing well. BOPD-i barrel 26MCFPD. 0 shut in. 1- 210 tank battery. gun barrel & separator, 50-60 pump jacks, 1-180 pump jack, 50 potential drilling locations above 2000'' for a,b & c. Caddod & Penn Ranger formations, 10 potential drilling locations below 2000'--for Marble Falls & Barnett-Shale formations. SITE FOUR is 100% working interest at 80% NRI. 26 producing wells, 2 injection wells BOPD. 12 0 shut in. 24 wells producing from the a,b, c crosscut sands & 2 producing from the Penn Ranger formation, approximately 1,700'' 2-310 tank batteries, gun barrel & separator, 2 fiberglass water disposal tanks & triplex injection pump, 1 intermediate water pump, potential drilling locations, 6 into the Penn Ranger formation, 4 Marble Falls or Barnett -Shale. Estimated operating costs--electricity is $1,500 per month. per month. Owner offers financing up to 60% of the purchase price subject to credit terms & security agreements at Prime plus 2.5%. Please email or call Jim Baker, Matchmaker Business, Inc. 321-452-3462
Financials
Asking Price Range: $2.5M - $5.0M
Gross Revenues:
Seller Will Provide
Cash Flow:
Seller Will Provide
Cash Flow Type: EBITDA
Seller Financing: Yes
About The Business
Year Established: 2000
Number of Employees: 4 - 5
Relocatable: No
Franchise: No
Current Real Estate: Owned
Property: Property For Sale
About The Sale
Management Training and Support: Ongoing support & training will be provided. After first year a reasonably priced consulting fee can be added.
Reason For Selling: More capital needed to expand production.
Click on the "I'm Interested" button above for more information on this Manufacturing > Clothing and Footwear Manufacturing business for sale.
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Print Listing Id: 700115319
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