Crockett County
State: Texas
Ad ID: KS2752-JK
Gross Revenue: $773,300
Cash Flow: $313,200
Asking Price: $2,400,000
FF&E: $250,000
Included: Yes
Summary 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.

General Information
Year Established: 30+
Franchise: No
Home based: No
Relocatable: No
Reason for Selling
Contact information
Jay Kvasnicka
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