Hot Listing

Oil Production Business for Sale - - Absentee

Asking Price$998,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,150,000

InventoryNot Disclosed

FF&ENot Disclosed

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Hot Listing

Oil Production Business for Sale - - Absentee


Asking Price$998,000

Cash Flow

EBITDANot Disclosed

Gross Revenue$1,150,000

InventoryNot Disclosed

FF&ENot Disclosed

Business Description
As a company, our focus has been on acquiring older wells that have already lived through their steep decline curves and have settled at lower production levels. Individually, their output may seem modest, but the combined production from a number of these wells is anything but insignificant. With this approach, there’s no need for expensive new drilling, fracking, or massive capital injections. The reservoir has already been proven; the infrastructure is in place. Yield is steady, decline is slow, and surprises are rare. 

Our company, with 50 existing oil wells and all associated equipment on eight oil leases totaling 2000+/- acres is located on the Tennessee/Kentucky border. This region has been known for having oil from as far back as the 1800's when oil kept ruining salt wells. Commercial oil production has been steady here since the 1940's, and the region is known for its consistent long-term production. 

As a business, the story gets compelling when you consider that our portfolio of 50 wells is spread across multiple leases and oil fields for natural diversification and is capable of giving us a combined steady output of 34 to 38 barrels per day. Couple this with the rising oil prices we're seeing right now, and the math of a well-managed stripper well company is hard to beat.

Now is the perfect time to invest in these proven, low-risk oil assets as the cost of oil leases remains relatively low and hasn't caught up to the surging oil price. This creates a window of opportunity to secure our asset rich business at yesterday's prices. In fact, this company is priced at just $20,000 per well and also includes ownership of the 2,000 acres of oil leases. 

The company is completely managed by experienced hands-on oil workers that want to stay on with the new owner.  This makes it so the owner can be completely absentee if they choose, totally your choice of just how involved and active you would like to be.

Offered at $998,000 for a full acquisition. We are also open to strategic investments starting at $200,000 for proportional equity. Ownership is structured at $9,980 per 1% interest. All transfers of ownership will be legally executed by our counsel to ensure a seamless, fully documented transition.

We're friendly so, if you’re interested and qualified, please don’t hesitate to reach out to us.
About the Business
Years in Operation
8
Employees
2 Part-time
Key employees staying on with the business
Currently Home Based
Yes
Facilities & Assets
50 Oil Well and All associated equipment.
Market Outlook / Competition
Oil prices are on the rise.
Opportunities for Growth
When available, additional wells and leases can be purchased.
Real Estate
Owned or Leased
Leased
About the Sale
Seller Motivation
Owner is retiring
Transition Support
Key employees are friendly experienced oil operators and will work closely with new owner.
Financing Options
No financing
Listing Info
ID
2482722
Listing Views
106

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Business Listed by: John Robbins

Listing ID: 2482722 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.


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