Small Crude Oil Production Company

Contact Seller
Indian Creek Resources, Inc.

Business Description

Crude oil lease #1
* 25 producing wells - 10 bopd
* 4 producing green oil zones
* Net income -- $9,000+ per month -- 82.5% NRI
* 760 Acre lease
* New additional production recently discovered
20+ surveyed, proven or infill locations -- under 250'

Crude oil lease #2
* 27 producing wells (all equipped and ready to produce)
* 1500+ barrels per year -- 35 to 40 gravity green oil
* 85% NRI -- 476.67 Acre lease
General Information
* Shallow oil production -- 550 to 600' -- undeveloped oil zone at 600'
* Great, proven development opportunity
* Owner retiring after 40+ years in the area
* Owner available to consult with new owner
* Sales agreements, access agreements, etc. included
* Both leases fully electrified with 220V single phase -- easily accessible roads

About the Business

Year Established:
Number of Employees:
Home Based:
Real Estate:
Two separate tank batteries
Lease #1 - 5 tanks, gathering system, 25 equipped producing wells
Lease #2 - 5 tanks, gathering system, 27 equipped wells
Market Outlook/
Sweet, green crude contracted with Eighty Eighty Oil Company (buyer)
Growth & Expansion:
Lease #1 - 40% developed, 60% has been proven and undrilled
Lease #2 - Lease has been developed in upper zone but not lower zone
Contact the Seller

About the Sale

Reason For Selling:
Owner retiring after 40+ years
Training for new owner provided
Seller Financing:

Listing Info

Ad Detail Views:
Asking Price:

Gross Revenue:
Cash Flow:
included in asking price

included in asking price

Share this business:

Contact the Seller
Please confirm you're not a robot
Contact the Seller
Business Listed by
Peter Young

 Show Phone Number

Similar Listings

Report an Issue 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 & Conditions.