Business For Sale Listing 157197
Oil & Gas Re-entry Opportunity
Status as of Jan-7-2009 at 05:59 PM: Active
Business Summary
Opportunity to re-enter 2 shut in wells. One field was discovered in the 1940's while the second field was discovered in the 1960's. Both wells are considered shallow in depth. Anticipated total production will be 150 barrels of oil per day. The leases have produced over several hundred thousand barrels of oil. The investor would own a 100% working interest until payout; after payout the investor would have a 75% working interest and the prospect generators would own a 25% working interest. The NRI is 70%. There are additional side track opportunities once these zones are depleted.
Categories
Industry
Location
Financials
| Sales: |
Not Disclosed |
| Profits: |
Not Disclosed |
| Profit Type: |
Not Disclosed |
| Asking Price: |
Between $1 Million and $2.5 Million |
