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Business for Sale Summary

Growing Oil/Gas Production Company for sale in OK - 34476

Business Type: salvage/recycling/waste management,electric, gas, water, sanitary svcs
Growing Oil/Gas Production Company for sale in OK
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This business has received 35 indications of interest - Act Quickly!

Financial Information (non-confidential)

General Information
Asking Price $995,000 Down Payment $995,000
Gross Revenues $219,482 Lease Remaining Register Free to View
Owner’s Cash Flow $48,470 Number of FT Employees Register Free to View

Financing

$995,000 Down and

Business Description

Oil & Gas production company for sale. 51 wells on 4 fully licensed leases. 35-40% of the wells are currently producing gas & oil. The remaining wells are in various states of readiness to produce. Wells that are currently not operating can be operational with new owners decision to re-open when the market prices are right. Leases are located in a highly desirable oil field in Oklahoma that yields high quality crude & natural gas. The sale includes all 51 wells on 4 leases, fully licensed with $50k blanket bond in place, $475k in assets and equipment, all amounts in the operating account at the time of sale with all accounts receivable & bills to be paid. As oil & gas prices increase so can the asking price accordingly, so act quickly! This is the right time! For additional info please contact the listing broker, Gary Meyn, at 877-735-5224.

Attention Business Owners: We are always in search of quality businesses to list, so if you are thinking of selling your business or would like to acquire another business, please email us at listingmanager@vestedbb.com or call us at 1-877-735-5224 to discover the difference that is Vested Business Brokers.

Disclaimer: The financial information in this business listing has been provided by the Seller. Vested Business Brokers, Ltd. (VBB) has not independently verified this information. Therefore, we make no claims as to the accuracy of this financial summary. Vested recommends that you consult with an accountant, attorney and/or other professionals to represent and assist you in any business transaction. One of our associate brokers will arrange a meeting between you, your representatives, and the Seller, but they are not authorized to make any representations or warranties on behalf of the seller or VBB. You agree to hold Vested Business Brokers and its associated brokers harmless for any misrepresentations made by seller.