Business For Sale Listing 157144
Great Opportunity to Buy Working Well
Status as of Jan-7-2009 at 05:59 PM: Off The Market
Business Summary
Re-entry of a existing Austin Chaulk well that was drilled in 1992. This well produced for 5 years. Since, than the well has been abandoned. We are going to go in and chase the lateral (clean out the horizontal) perform a acid job and put the well on line. This well made 37,719 barrels of oil and 26,461 MCF's the first 12 months. The well commulative production is 37,719 barrels of oil and 44 MMCF's. As you can see the majority of the production was in the first 12 months of completion. We feel after clean out and acid job. This wells production will be at least 10 to 20 barrels of oil a day and 40 to 60 MCf's a day. This is a great opportunity to own working % in a proven field. With a estimated 10 to 20% return on your money per month.
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Industry
Location
Financials
| Sales: |
Under $100 Thousand |
| Profits: |
Under $100 Thousand (6 to 12 month payout) |
| Profit Type: |
Not Disclosed |
| Asking Price: |
Less than $100 Thousand ($3,400.00 a point) |
