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Texas Oil/Farm Ranch 520,000 Acres $625 million
| Asking Price: | $625,000,000 | Inventory: | |
| Gross Revenue: | Not Disclosed | Real Estate: | n/a |
| Cash Flow: | Not Disclosed | FF&E: | n/a |
| ++ included in the asking price ** not included in the asking price | |||
Texas Oil/Farm Ranch 520,000 Acres $625 million
· Second Largest Shallow Oil Field in Texas (at one time the largest)
· 350,000 + Acres of Undeveloped Oil Property with known oil reserves
· Has over 10,000 wells most of which can be placed back into production
· Over 700 Current Producing Oil Wells
· Most Have Multiple Pay Zones
· Majority of Wells Less Than 2,500 ft Deep
· All Wells Less Than 5,000 ft Deep
· Over 160,000 Acres of Proven Producing Oil Property
· Ranch Has Produced Over 200 Million Barrels of Oil
· Has current oil reserves estimated In the Billions of Dollars
· Currently Producing 40,000 + Barrels of Oil Per Month
· The ranch has a Copper reserve
· While drilling for Copper, Diamonds were discovered at 300 ft
· Has Over 26,000 Acres of Row Crop Farmland
· 4 large lakes 25,000, 10,000, 8,000 and 4,000 acres each
· Ranch has 170 full time employees
· 16,000 + Head of Cattle
· 400 Horses
· 58 farm houses
· 3 southern mansions
· Drilling and work over rigs
· 668 pieces of farm equipment (John Deere tractors, combines, plows, etc)
· Bell ranger helicopter
· In 1991 The Ranch Was Valued at $330,000,000.00 oil was $21.00 PB
Contact: Robert 800-656-8485
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