Oil & Gas Field Operation
| Business Type | Oil & Gas Field Operation |
| Annual Revenue | |
| Discretionary Earnings | |
| Asking Price | $1 Million |
| Ref ID# | FOR126 |
| Seller Financing | |
| FFE | |
| Inventory | |
| Location | Kentucky |
| Year Established | |
| Description | Fully functional turnkey Oil & Gas Field Operation is available for acquisition in KY. With a full service operating division, lease acreage, existing production, production upside and a gathering and road network. This field has an extensive geo-scientific survey. All wells are monitored with satellite well monitoring systems. Estimated length of production for Devonian Shale Wells is 30 to 100 years. This field carries a 100% success rate for drilling activity in the past 5 years. Asset summary: 2,000 acres which will accommodate approximately 30 drilling locations. One hundred percent Working Interest, 87.5% Net Revenue in 5 producing wells and 3 reworks for a total of 8 wells. Most wells drilled to the Coniferous Formation (approx. 2,000 feet). Four are fully cased and have received high rate and high volume nitrogen fracture stimulation. |
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