These lease agreements are easily assignable for transfer to buyer. The lease terms last indefinitely for a long-term opportunity. Water flooding injections are an excellent option for increasing performance.
Unlike other businesses, this operation does not involve selling to customers, advertising expense, promotions, credit card processing, customer receivables, refunds, salespeople, and trade shows. A 3rd party petroleum engineer estimates millions of dollars in reserves.
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.
Contact us for information about additional mineral rights leases for sale. This is a great long-term investment opportunity!