Oil Production On Proven Formation
www.GlobalBX.com
Listing ID:
700219038
Listing Title:
Oil Production On Proven Formation
Quick Link:
http://www.globalbx.com/listing.asp?bId=219038
Industry:
Real Estate
Industry Segment:
Other Real Estate
Country:
United States
State / Province:
Kentucky
Area
City:
Glasgow
Asking Price Range:
$250K - $500K
Gross Revenues:
$1,000,000
Cash Flow:
$1,000,000
Cash Flow Type:
Sellers Discretionary Cash
Year Established:
2009
Number of Employees:
10 - 19
Business Description:
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
« Close this window »