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Texas Oil Lease for sale in North Texas, Texas
Texas Oil Lease
North Texas |
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TURNKEY OPERATION ABSENTEE OWNER! Oil lease with Net 75% Working Interest. 465 acres with 67 total wells - 12 wells producing 15 Barrels Per Day(BPD), 42 shut-ins, 13 salt water disposal wells. Current operator will rework 30 shut-ins and add 12 new drills included in purchase price. Timeline to complete is 4 months for a potential of over 200 BPD. The reserve analysis forecast is 2 million barels of recoverable oil in the leased area. Oil prices calculated on Texas spot currently around $90 per barrel. |
Listing Number: 1453
Brian D’Souza - Listing Broker
270 SW Natura Avenue, , Deerfield Beach, FL 33441
Telephone - (954) 596-8060
E-mail -
bdsouza@capitalbbw.com
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| Category |
Mining |
| Sub-Category |
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| Asking Price |
$5,050,000 |
| Gross Sales |
$6,205,000 |
| Cash Flow |
$4,351,257 |
| FFE |
$0 |
| Inventory |
$0 (Inventory NOT Included) |
| Real Estate |
$0 (Real Estate NOT Included) |
| Employees |
0 - Full-Time
0 - Part-Time |
| Facilities |
465 acres of oil rich land |
| Relocatable? |
(Is Not Relocatable) |
| Home Based? |
(Is Not Home Based) |
| Market Notes |
Based on Spot price of Oil |
| Growth Notes |
Based on reserves |
| Support Training |
Whatever is required |
| Year Established |
1985 |
| Financing Terms |
Possible by outside lenders |
| Reason for Selling |
Development Capital |
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