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Listing ID: 3215058

Owner Financing Offered on Producing Oil Field with 2.5MMbbl of Proven Recoverable Oil Reservces For Sale

Tulsa, Tulsa, Oklahoma, United States

not disclosed

(Furniture / Fixtures and Inventory / Stock included)

Revenue: not disclosed

Cash Flow: not disclosed

Business Description

<p>Owner will finance a portion of the purchase of this established oil field for a qualified buyer. The mortgage payments will be paid for out of existing production revenue. Located outside of Tulsa, this field was established in 1985. It is fully developed water flood field and is self contained with all product being piped to one processing facility. <p>

<p>The sale includes the exclusive mineral rights to the field, 106 production and injection wells, all underground piping and utility infrastructure, two parcels of land, service shop, vehicles, equipment, logs, books, records and 2.5MMbbl of oil reserves. In addition, the owner feels there are four additional areas that could be productive. <p>

<p>NOTE: Additional investment beyond the purchase price will be necessary to increase the production and cash flow. The field is currently running 5 out of 52 production wells and is producing 10 bpd. The owner has information on how to implement this production enhancement. <p>

<p>To learn more about the terms and conditions of the financing as well as the details of this opportunity, please contact Greg Reynolds, call or text: 918-704-5930, Email: greg.reynolds@sunbeltnetwork.com.<p>

Property Details

Size:

3,000 sq ft

Years Established:

1985

Property Type:

Real

FF&E:

$500,000

Real Estate Value:

$150,000

Other Details

Operation Details

Employees:

N/A

Miscellaneous

Financing Available:

Yes

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