Oil Productions Company Including Real Estate
Location Kentucky,United States
Asking Price Range $2.5M - $5.0M
Gross Revenues $0
Net Profit / Cash Flow $700000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2000
Number of Employees 10 - 19
Relocatable No
Number of Employees 10 - 19
Real Estate Owned
Training Ongoing support and training will be provided. After first year reasonable priced consulting can be added.
Reason for Sale Conflicting interests.
Description Oil Productions Company For Sale Including Real Estate For $3,500,000!. Owner has conflicting interests with his energy consulting company and his other company that has assets of oil PRODUCING wells plus a large reservoir of untapped land full of oil. Current production is producing an expanding $666,271.10 per year (March of 2008 - March of 2009 Figures) Total land is +2,000 acres, 5 productive wells, dozens of reworks candidates that are already drilled, miles and miles of roads and pipe, and 2 different taps. There is oil behind the pipes in all of the wells, and multiple zones that have not been perfed of treatment in any way. Late last year company fraced 4 wells in the shale to find that it is productive (as you know) and gas prices plummeted halting any further progress. Since then company has shut the wells in for time being. Most recent discovery is on a lease that is surround on 3 sides. land IP'd at 13 BOD and 35MCF and is doing roughly 8 BOD and 15 MCF now (with no stimulation). another well adjoining was acidized in the coniferous and now makes 55MCF. This well was drilled roughly 50 years ago and has been leaking for years. The service company has several customers, all marketing materials, database of all well owners and operators in 5 states, radial jetting distributorship (with a fistful of leads), all geophysical and well data including (seismic, frac charts, logs, camera videos, fracture maps), etc, etc. Company has all the crew(s) and management can be provided if needed. All rework wells will yield first year returns! COMPANY HAS NEVER BEEN SHUT IN. Gas purchaser literally hounds you during the winter to get you to drill more wells. Gas purchaser does NOT charge any processing fees, brokering fees, administration fees, compression fees, or any of the other fees that other purchasers create. Please email or call Jim Baker, Matchmaker Business, Inc. 321-452-3462 for more information.
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