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Oil Production On Proven Formation
Location: United States -> Kentucky -> Glasgow
Industry: Real Estate > Other Real Estate



Business Summary

Oil Production on Proven Formation - Unique Opportunity

We provide oil and gas opportunities which enable investors to participate in domestic energy production and play a key role in promoting our country's ENERGY INDEPENDENCE ; while enjoying some of the best TAX ADVANTAGES available today. Our mission is to mitigate the risk of drilling by selecting projects with PROVEN PRODUCING FORMATIONS. We reduce risk with the latest up-to-date production technologies.

10 wells total
4 wells online & pumping
6 wells need minor work to be pumping

The 4 wells are producing around 1 BPD each
Owner benefit on the 4 wells is about $100K per year
Leipers Formation - Gas Solution Driven Formation
Absolutely No Water at all.
Equipment valued at $225,000
Total price Including the work to get the remaining wells online for a total of 10 producing wells $350,000

Financials
Asking Price Range:  $250K - $500K
Gross Revenues:   $1,000,000
Cash Flow:   $1,000,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $225,000
Seller Financing:  Not Disclosed

About The Business
Year Established:  2009
Number of Employees:  10 - 19
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale




Print Listing Id: 700219038
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