Buy a business for sale or sell a business for free. Find businesses for sale, franchises, business brokers & commercial loans.

Advanced Search  |   Listings By Email  |   Message Boards  |   Professionals Directory  |   Loans & Financing  |   Business & Mortgage Notes  |   Buyer Resources

ARCO-ampm Franchise Opportunity

Mr. Transmission/Milex Franchise Opportunity

AGR Diamond Tools USA Franchise Opportunity

Business For Sale Search Results

New Search

Get Free Information on all of the Top Franchises

Ask questions in our Entrepreneur Forums

Get a Business Loan

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*


Financials

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

Photos

View Larger Photo(s) Of Business
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
Can't Find Your Dream Business? Get Free Franchise Information on all the top franchises, Post a Free Wanted Ad on our Message Boards, Get New Listings sent to you, or try our Advanced Search.

Don't forget to Sign up for our Newsletter and get free tips on how to buy or sell a business from the leading industry experts!

Advertise Your Business For Sale   Free Listing!


Related Searches: Airplane and Boating Manufacturing  >  Auto Parts Manufacturing  >  Chemical Manufacturing  >  Clothing and Footwear Manufacturing  >  Computers and Electronic Equipment Manufacturing  >  Furniture Manufacturing  >  Lighting Products Manufacturing  >  Machinery Manufacturing  >  Medical Device Manufacturing  >  Metals Manufacturing  >  Paper and Packaging Manufacturing  >  Plastics Manufacturing  >  Textiles and Materials Manufacturing  >  Wood Products Manufacturing  >  Other Manufacturing  > 

Also See: Franchise Opportunities > Franchise Resales > Texas Businesses For Sale > Texas Franchises For Sale > Texas Business Brokers



CAN'T FIND A BUSINESS?
Click here to post a free "business wanted" message to the Message Boards.

Click here to get new business for sale listings emailed to you automatically.

Contact the Seller
* All fields are required
Re: GlobalBX ID: 700272395
Your Role
Buyer Type
Experience Level

Yes! I want my FREE e-book and newsletter.
Do Not Send Spam
GlobalBX does not tolerate unsolicited commercial email or "spam". If you are not a potential buyer of this business, do not use this form.