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Large Package Of Two Oil Leases
Location: United States -> Kentucky -> Burkesville
Industry: Manufacturing > Chemical Manufacturing




Business Summary

1200+/- Acre package of two leases
100% Working Interest / 87.5% Net Revenue Interest
1 fully equipped and producing well.
Cumberland County, Kentucky

This is a combined and abutting package of two leases that totals approximately 1200 acres with proven oil on each of the properties.
One of the properties is 500 acres and the second is 700 acres.

This is a great opportunity to buy a large contiguous land package that is secured with current oil production of approximately two barrels per day.
Also, each lease had some older wells that came in with IP rates of 20 to 30 barrel per day range and neither lease has been fully developed.

On a side note, we recieved a call from an older, retired, geologist and told him we were putting these two leases together and he called the package ''a company maker.''

These are located in an area without water in the formation, but one older well that we know of and will want to revisit was sandy.
With some work and further development, we feal that is reasonable to see regular production from these two leases in the range of 40 to 50 barrels per day.
We'll share much more detailed information with interested and qualified parties.

We have this total package listed at $198,000. We like the project so much we'll consider partnering on it.

Our company is run by hands on oil people that have a family history of operating in the area for multiple generations. We're large enough so that we can get the job done but still small enough that you can call and talk to the guy in charge.

Please call for more information as there is so much to share about this project. We'll then follow up with specific details in emails.

John at 603-924-0239 in US
Listed at $198,000 -- We want to be partial partner if possible


Financials

Asking Price Range:  < $250K
Gross Revenues:   $200,000
Cash Flow:   $100,000
Cash Flow Type:  Sellers Discretionary Cash
Inventory:  $55,000
Seller Financing:  Not Disclosed

About The Business

Year Established:  2010
Number of Employees:  1 - 3
Relocatable:  No
Franchise:  No
Current Real Estate:  Leased
Property:  Property For Lease

About The Sale

Management Training and Support:  Oil Wells operated for absentee owner
Reason For Selling:  looking to partner on this lease package

Photos

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Large Package Of Two Oil Leases Photo 1




Print Listing Id: 700374535
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