Description

Rare Find Oil Leases For Sale For $275,000! This comprises of two properties with approximately 736 acres, 7 equipped wells, 7 tanks, and 87.5% interest on most of it plus a small part at 81.25% interest, is a golden opportunity. The $275,000 price – and that includes cleaning each of the 7 wells – is a bargain. Please Note: The amount of equipment on these two properties could be sold for a large portion of the asking price. This makes this deal a no-brainer and a bargain for the savvy investor. Without any refurbishing, this lease will make a 30% to 40% return. When refurbished, it has the potential to go to 50% or above, at this low price. It has extraordinary drilling potential with at least 20+ good locations on the two properties. The equipment and tanks are in excellent condition. All the wells just need to be cleaned and refurbished for maximum potential earnings. These properties have only been partially drilled so the reserves would be phenomenal. Needless to say that this property will not be available long. With the wells refurbished and cleaned – included in this price – it should easily make 8-12 barrels a day. It should be taken into consideration that an opportunity such as this is very rarely ever on the market. Due to Owner's relocation out of the area, Owner feels it is time to sell. It should also be noted that three or four years ago, this property would have sold for $750,000 plus Call for more details.

Posted Jul 14, 2016

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