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Oil Wells With Millions Of Barrels Of Oil In Place
Location: United States -> Texas -> East Texas -> Abilene
Industry: Manufacturing > Other Manufacturing

Business Summary

We are offering 1% to 50% Partnerships in this project. We are raising private capital to fix up 19 Oil wells.

Abilene Texas Lease:

-There are 20 wells spread over 960 acres
-1 well is already producing 8 Barrels/Day
-Rights to all depths (We can shoot into deeper formations)
-Many other future drilling locations (75+ Locations)
-Geology report showing 4 Million barrels of recoverable oil
-Initial production from wells was 60-80 BOPD
-We can fix up 1 well every 4-5 days
-Rig and work-over crew is on standby to start
-Price of oil is projected to rise to $75 a Barrel in 2017

We are offering 50% Partnership in these 20 wells for $550,000 USD

*This lease has no issue with the RRC and is ready to start development of the other 19 wells*


Asking Price Range:  $250K - $500K
Gross Revenues:   $158,000
Cash Flow:   $158,000
Cash Flow Type:  EBITDA
Seller Financing:  Not Disclosed

About The Business

Year Established:  2003
Number of Employees:  1 - 3
Relocatable:  Not Disclosed
Franchise:  Not Disclosed
Current Real Estate:  Owned
Property:  Property For Sale


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Oil Wells With Millions Of Barrels Of Oil In Place Photo 1 Oil Wells With Millions Of Barrels Of Oil In Place Photo 2 Oil Wells With Millions Of Barrels Of Oil In Place Photo 3

Print Listing Id: 700272395
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