Small Crude Oil Production Company

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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:
2003
Number of Employees:
2
Home Based:
Yes
Real Estate:
Leased
Facilities:
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/
Competition:
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
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About the Sale

Reason For Selling:
Owner retiring after 40+ years
Training/Support:
Training for new owner provided
Seller Financing:
none

Listing Info

ID:
1405888
Ad Detail Views:
1432
Asking Price:
$620,000

Gross Revenue:
$131,887
Cash Flow:
$120,724
EBITDA:
$99,597
Inventory:
$6,000
included in asking price

FF&E:
$300,000
included in asking price

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Business Listed by
Peter Young

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