West Texas Permian Basin Leases, 40+ Barrels Per Day

Crockett County, TX

West Texas Permian Basin Leases, 40+ Barrels Per Day
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Asking Price: $2,400,000

Cash Flow: $313,200

Gross Revenue: $773,300

EBITDA: N/A

FF&E: $250,000

Inventory: N/A

Established: N/A

West Texas Permian Basin Leases, 40+ Barrels Per Day

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Business Description

Highly desired 100% working interest on 2,900 leased acres in the world-famous Permian Basin! Eight mineral rights leases with surface to 3,000' production rights, currently operating 35 producing wells. Many years of historical production results available. Average depth is 1,500 feet.

These leases are easily assignable for transfer to buyer. The lease terms continue indefinitely for a long-term opportunity. Conveniently located in neighboring locations, these are properties that rarely become available for others to acquire.

Unlike other businesses, the operation does not involve selling to customers, advertising expenses, promotions, credit card processing, customer receivables, refunds, salespeople, and trade shows. At current market prices, these properties have steady cash flow.

When oil prices bounce up, you can enjoy additional income. Market price of crude oil is the primary non-controllable factor. The operation can be managed remotely. Seller, who is retiring, has a local pumper who maintains the equipment. The oil production continues 24 hours a day, 365 days per year. Amortizable capital investments for new drilling and production enhancements can be performed any time Buyer chooses.

Detailed Information

Location:
Crockett County, TX
Furniture, Fixtures, & Equipment (FF&E):
Included in asking price
Reason for Selling:
Retirement
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Ron Kleier

Business Listed By:
Ron Kleier

Apex Business Advisors

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Sponsoring Broker:
Doug Hubler

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