Maverick County, TX Manufacturing Businesses For Sale

ManufacturingTexasMaverick

Select Categories Texas
Oil, Proven Reserves (Mineral Rights) With Land For Sale In TexasOil, Proven Reserves (Mineral Rights) With Land For Sale In Texas
$140,000,000Cash Flow: $20,000,000Seller Financing
Oil, Proven Reserves (Mineral Rights) With Land For Sale In TexasOil, Proven Reserves (Mineral Rights) With Land For Sale In Texas

San Miguel, TX

For sale proven heavy oil reserves (mineral rights) located on 7,320 acres and 93.75% of mineral rights (land is included in the price) located in, Texas. Included in the sale are 6 Ranch homes and 2 hunting operations. This property is near the Eagle Ford Shale located in South Texas , producing from various depths between 2,000 and 12, 000 feet. The Eagle Ford is still an emerging shale oil producer. Discretionary Earnings (EBIDTA) shown are projections. Previously there were nine test wells drilled in the 1960's on the property. All of the test showed the presence heavy oil. New wells were drilled in 2014, they are located a few hundred yards from this property. We have available a well log record for one of the wells, from a property very near (a few hundred yards), the log shows the presence heavy oil. The logs are available and will be shared upon an execution of a NDA. Additional information supporting the presence of oil reserves is documented in a geologist report. Also, the area south of this property has had an ongoing development and production of this same heavy oil for many years with significant recoveries in excess of 30% and as high as 50%. Well logs provide the bed thickness to be in excess of 70’. Additional drilling records of the area are available through the "Texas Railroad Commission Permit Inquiry" site. Details will be made available upon execution of a NDA. Currently, there are wells near offset being drilled and developed using the cluster of 5 procedure. Calculated recoverable reserves are 174,396,199 Bbls of oil at 30% recovery. Calculated value is now placed at $7,847,000,000 using a net $45.00 per Bbls of oil. Newer enhanced methods of recovery, currently used in Canada, should increase the recoveries making them closer to 348,792,398 Bbls of oil and a value of $15,695,000,000. Listed by American Fortune Mergers & Acquisitions. www.fortunebta.com


Become a Premium Member Today!