Cash Flowing Oil & Gas Producing Property for the Tax Savvy

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Easy Cash Flow - Oil & Gas Producing Wells

Business Description

Oil & Gas Producing Property

From 2017 to 2018 over $99,500 was invested for a 3% share in a field consisting of 6 wells. This wells were prepared, drilled and are now producing. 5 of the wells produce oil & gas and the 6th well is used as an injection well to add a waterflood component to production.

These wells are producing and flowing cash, approximately $1200 per month to the owner of this share.

The current owner believes that the approximately remaining $38,000 of tax write-offs can be used this year as only at the beginning of this year were these funds invested to make the wells more profitable.

A new owner should get at least $38,000 in write-offs, possibly the entire amount of the investment.

Oil & Gas from a tax perspective is an excellent vehicle for managing income and income taxes.

Buying this property now means not having to have risked any capital and simply getting a payoff which is tax advantaged as well as having substantial tax write-offs available.

About the Business

Location:
Ralston, Oklahoma
Year Established:
2017
Number of Employees:
0
Relocatable:
Yes
Facilities:
A 3% share in an existing field that is producing, has all roads, platforms and wells in place as well as the pipeline structure built out. The $1200 per month is a minimum.
Growth & Expansion:
Future opportunities to invest with the group of investors in other oil and gas projects.
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About the Sale

Reason For Selling:
Investing in the next project

Listing Info

ID:
1673544
Ad Detail Views:
1824
Asking Price:
$148,500

Gross Revenue:
 Not Disclosed
Cash Flow:
$14,400
EBITDA:
$14,400
Inventory:
 Not Disclosed

FF&E:
 Not Disclosed
included in asking price

Real Estate:
 Not Disclosed

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Business Listed by

Stephen Sewalk

RainMaker Business Alliance
License# DY24638

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