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Oil Lease with Settled Production for sale in South Central Louisiana, Louisiana
Oil Lease with Settled Production
South Central Louisiana |
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TURNKEY OPERATION FOR ABSENTEE OWNER! Oil leasing rights on 440 acres comprised of 3 parcels with 7 equipped oil wells and 2 water injection wells. Current settled production is 25-30 BPD. By adding a few upgrades to existing equipment (and $50K) production can increase to 40+ BPD. Current independant contractor on site will continue to operate for 1 year included in purchase price. 100% working interest with a NET 70%+ Revenue. Total depth is 4000+ feet with room to drill new wells at owners expense. Cash flow calculated at 40BPD @ $90 oil
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Listing Number: 1507
Ryan Browne - Listing Broker
, San Antonio, TX
Telephone -
E-mail -
rbrowne@capitalbbw.com
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| Category |
Mining |
| Sub-Category |
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| Asking Price |
$1,700,000 |
| Gross Sales |
$1,314,000 |
| Cash Flow |
$919,800 |
| FFE |
$0 |
| Inventory |
$0 (Inventory NOT Included) |
| Real Estate |
$0 (Real Estate NOT Included) |
| Employees |
0 - Full-Time
0 - Part-Time |
| Facilities |
N/A |
| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
Excellent opportunity to buy into the petroleum industry while oil pricing is on an incline |
| Growth Notes |
Ability to drill new wells at new owners expense and take advantage of the 85% Incentive Drilling Credit (IDC) allowed by IRS 1st year and 2.2% over the next 6 years |
| Support Training |
Current Independant contractor on site will continue to operate this field for the first year included in the price point |
| Year Established |
1977 |
| Financing Terms |
N/A |
| Reason for Selling |
Generate capital for other projects |
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