Oklahoma Waterflood Oil Field For Sale | Wagoner County
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A 114-well Dutcher Sand waterflood unit in Wagoner County, Oklahoma is available for acquisition at $400,000. The sale includes 100% working interest with an 80.09% net revenue interest, all mineral rights, existing wells and underground piping, a closed-loop waterflood injection system, approximately $150,000 in field equipment, a 5-acre parcel with metal shop and production building, and a 2.5-acre utility access parcel. Hard assets valued at $350,000. A prior reserve study supports an extrapolated recoverable reserve estimate of approximately 1.8 million barrels. Three wells currently produce approximately 5 barrels per day. Simple mechanical repairs to three existing wells totaling $25,000 are projected to increase production to 9 barrels per day with estimated payback of approximately four months at current oil prices. An additional 42 wells have been identified as rework candidates at an estimated cost of $45,000 per well, each adding approximately 2 barrels per day. The field has not had the capital investment required to capitalize on its potential -- that is the opportunity.
About the Business
- Employees
- 1 Full-time
- Facilities & Assets
- 5 Acre Parcel and a 2.5 Acre Parcel
Real Estate
- Owned or Leased
- Owned
- Included in asking price
Listing Info
- ID
- 2371278
- Listing Views
- 208
Listing ID: 2371278 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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