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Businesses For Sale   >>   Other Services Businesses For Sale

Huge Oil Company Seeking Growth Capital

Location  Colorado,United States
Asking Price Range  > $35.0M
Gross Revenues  $75000000
Net Profit / Cash Flow  $45000000
Cash Flow Type  EBITDA
Seller Finance  Yes
Year Established  2004
Number of Employees  > 200
Relocatable  No
Number of Employees  > 200
Real Estate  Leased
Reason for Sale  Seeking expansion capital

Description  
Oil company with assets in Texas, Louisanna , Colorado and Alberta Canada with major oil fields producing currently 1100 barrels per day and over $45M/yr in profit is seeking expansion capital. Our company is currently acquiring this asset for $130M (including expansion capital needed to service it) and we're seeking $80M in debt (cash flow of property supports high interest debt). Properties have 900 million barrels in proven reserves with 500 million barrels of proven producing reserves. Huge potential


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