Millions of barrels of oil underground… this is a great investment! Purchase all 43 leases, or select from five smaller bundles, priced from $495,000 to $8,750,000.
In addition to an outstanding group of leases, this opportunity is a complete business opportunity. Experienced management and in-house crew are in place to continue growing the income from this on-going business operation.
This prized collection of exclusive mineral right leases in Eastern Kansas provides immediate cash flow from steady oil production. The business includes the mineral rights of 43 properties totaling 6,797 acres of prime sand and limestone oil fields.
Currently there are 600+ operating oil wells. Water flooding injections are an excellent option for increasing performance, and there is capacity on the acreage for 2,000+ additional wells. Pumps, holding tanks, structures, drilling rig, bulldozers, maintenance vehicles and equipment are all included in sales price. Abundant natural gas is also available on these properties.
These lease agreements are easily assignable for transfer to buyer. The lease terms last indefinitely for a long-term opportunity. Conveniently located in neighboring locations, these are properties that rarely become available for others to acquire.
Includes all equipment for drilling exploration, oil collection, and well servicing. A trained in-house crew is in place for all operations.
Unlike other businesses, this operation does not involve selling to customers, advertising expense, promotions, credit card processing, customer receivables, refunds, salespeople, and trade shows. At current market prices, these properties have already produced $96,000,000 of crude oil! A 3rd party petroleum engineer reports nearly 2,000,000 barrels of reserves. The “Lift Cost” (breakeven point) to cover operating expenses is estimated at only $14 – $15 income per barrel.
When the oil prices bounce up you can turn up production for additional income. Market price of crude oil is the primary non-controllable factor. The operation can be managed remotely with a local crew to regularly service 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.