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Guaranteed Oil Well For Sale
Location: United States -> Kentucky -> Cumberland County
Industry: Manufacturing > Chemical Manufacturing




Business Summary

We've have an exceptional oil lease available for drilling. The lease is in an oil rich area that is known for strong Knox formation oil production at depths of about 1800 feet. We like the leases so much that we are willing to offer a guarantee for a fully equipped and producing well on this lease.

Our Guarantee to you:

We're so certain of this lease that if we hit a dry hole when we drill your well, we'll drill and complete a second well for you Free of charge.

While we occasionally hit wells in the order of 20 to 30 barrels per day it is much more typical for us to achieve initial production numbers in the range of six to eight barrels per day.

We offer a turnkey service from start to finish and have pumpers available to pump and maintain your new well. We also provide video updates for those who aren't able to stay to observe the drilling and completion of their well.

For more information or to arrange a visit please call John at 603-924-0239.


Financials

Asking Price Range:  < $250K
Gross Revenues:   $11,111
Cash Flow:   $11,111
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $40,000
Seller Financing:  No

About The Business

Year Established:  2018
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Can be absentee as we have crews to do the work.
Reason For Selling:  No enough funds to do everything we want. Will consider partnership.

Photos

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Guaranteed Oil Well For Sale Photo 1




Print Listing Id: 700316272
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Also See: Franchise Opportunities > Franchise Resales > Kentucky Businesses For Sale > Kentucky Franchises For Sale > Kentucky Business Brokers



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