Producing Oil Field with 2.5MMbbl of Proven Recoverable Oil Reserves

Tulsa, OK (Tulsa County)

Seller Financing Available
Producing Oil Field with 2.5MMbbl of Proven Recoverable Oil Reserves
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: N/A

EBITDA: N/A

FF&E: $500,000

Inventory: $100,000

Real Estate: $150,000*

Established: 1985

*not included in asking price.

Producing Oil Field with 2.5MMbbl of Proven Recoverable Oil Reserves

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Business Description

Owner will finance a portion of the purchase of this established oil field for a qualified buyer. The mortgage payments will be paid for out of existing production revenue. Located outside of Tulsa, this field was established in 1985. It is fully developed water flood field and is self contained with all product being piped to one processing facility.

The sale includes the exclusive mineral rights to the field, 106 production and injection wells, all underground piping and utility infrastructure, two parcels of land, service shop, vehicles, equipment, logs, books, records and 2.5MMbbl of oil reserves. In addition, the owner feels there are four additional areas that could be productive.

NOTE: Additional investment beyond the purchase price will be necessary to increase the production and cash flow. The field is currently running 5 out of 52 production wells and is producing 10 bpd. The owner has information on how to implement this production enhancement.

To learn more about the terms and conditions of the financing as well as the details of this opportunity, please contact Greg Reynolds, call or text: 918-704-5930, Email: greg.reynolds@sunbeltnetwork.com.

Detailed Information

Location:
Tulsa, OK
Inventory:
Included in asking price
Real Estate:
Owned
Not included in asking price
Building SF:
N/A
Employees:
2 FTE
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Financing:
Seller will consider some financing for a qualified buyer
Support & Training:
Seller will negotiate a transition period
Reason for Selling:
Retirement
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Karen Tipton, CBI, MA&MI

Business Listed By:
Karen Tipton

Sunbelt Business Group

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