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Oil & Gas Field Operation Service For Sale - Eastern KY, Kentucky
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Profile: Oil & Gas Field Operation / Production.
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Ad/Listing Information
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Contact Information |
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| Financial Information |
Detailed Information |
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| Asking Price: |
$3,500,000 |
| Down Payment: |
Call/Email |
| Annual Revenue: |
$2,527,000 |
| Annual Adjusted Net: |
$750,000 |
| Price Range: |
Over $2 Million |
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| Franchise: |
No |
| Relocatable: |
No |
| Home Based: |
No |
| Real Estate Included: |
No |
| Bkr To Bkr Coop: |
Call |
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Description:
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Fully Functional Turnkey Oil & Gas Field Operation Is Available For Acquisition In The Big Sandy Region Of Eastern Kentucky. With A Full Service Operating Division, Lease Acreage, Existing Production, Production Upside And A Gathering And Road Network. This Field Has An Extensive Geo-Scientific Survey. All Wells Are Monitored With Satellite Well Monitoring Systems. Estimated Length Of Production For Devonian Shale Wells Is 30 To 100 Years. This Field Carries A 100% Success Rate For Drilling Activity In The Past 5 Years.
Asset Summary:
• 2,000 Acres More Of Less (=30 Drilling Locations).
• 100% Working Interest – 87.5% Net Revenue In 5 Producing Wells And 3 Reworks For A Total Of 8 Wells.
• Most Wells Drilled To The Coniferous Formation (Approx. 2,000 Feet). 4 Are Fully Cased And Have Received High Rate And High Volume Nitrogen Fracture Stimulations.
• 800 Sq. Ft. Office And Bunkhouse, 1,525 Sq. Ft. Shop Area With – 1.86 Acres Lay-Down Yard. Full Shower, Gas, Heat, Phone, Etc.
• Satellite Flow Metering.
• Casing, Tubing, Various Trailers And Tools Trailers, As Well As All Tools And Other Supplies.
• Electronic Logs On All Wells. Cameras On Some.
• =5 Miles Of Gathering System.
• 1 Chicago Pneumatic 650 Rotary Drilling Rig.
• 1 Ingersoll Rand 950/350 Air Compressor Unit.
• 1 Bucyrus Erie 60 Cable Work-Over Rig.
• 2 Utility Pickup Trucks.
• 1 – 2 Ton Winch Truck.
• 1 – 2 Ton Water Truck.
• 1 Ford 9000 Road Tractor.
• Caterpillar D-4 Dozer.
• Geophysical Logging Unit And Down-Hole Color Camera.
Seller Is Very Motivated And Is Willing To Look At All Reasonable Offers. Seller May Also Finance A Portion Of The Purchase Price For A Qualified Buyer. For More Information, Please Contact Laszlo Nemeth Of The Associates Business Brokers: (213) 624 – 6500; Info@theabb.Com.
Type Of Sale: Asset.
Asking Price: $3,500,000.
Gross Revenue: $2,527,000.
Net Income: $750,000.
Dre Lic. No: 01402579.
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For More Info Call: (Please Mention You Saw This Ad On BizBen):
Laszlo Nemeth CBI, CBB, Broker at 213-624-6500 |
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