Description

20 acres of Oil & Gas Properties in Los Angeles county with a long history of oil production until 1974.
Produced over 116.1 Million barrels of oil & 97.6 Billion cubic feet of gas. 20 Acres of Oil & Gas Leases in Los Angeles County, California.

Seller with consider mining and drilling

Asking Price: $52 Million obo including land, leases, minerals and easements. Fair mkt value:$ 82 Million
Production: These fields have produced over 116.1 Million barrels of oil and 97.6 Billion cubic feet of gas.
No mining currently
# Of Wells: 11 plus Existing Established proven visible Oil wells plus 5 Existing proven visible as wells.

History: These leases in Los Angeles County have had over a 112 years of history of oil and gas exploration.
Reports: Upon receiving your signed NDA, we will forward to you our most recent appraisal dated August 11th, 2011, Well Summary reports, and Log & Core Records of Oil and Gas production reports from Division of Oil & gas.

Potential:708,000 Bbls of potential recovery from the Oil Co. leases in the East Placerita Canyon area alone. Plus all other wells and Gas.
The Oil & Gas leases in Sections 3 & 4 of T3N R15W, SBB&M, are adjacent to and within the San Gabriel Fault Zone. This fault is a major tectonic feature that is sub parallel to the San Andreas Fault beginning and ending against it (Map available)

Disclaimer: The selling parties have not made any representation of warranties or guarantees. This information and contents of this ad may be considered reliable, but neither broker nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Broker and its affiliates and/or subsidiaries are not under any obligation to update or correct any information provided on this website. Statements and opinions are subject to change without notice.

Posted Aug 30, 2014

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