Oklahoma Waterflood Oil Field For Sale | Wagoner County

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Manufacturing Businesses for Sale

  • Primary Category: Energy & Petroleum Businesses for Sale

A 114-well Dutcher Sand waterflood unit in Wagoner County, Oklahoma is available for
acquisition at $400,000. The sale includes 100% working interest with an 80.09% net revenue
interest, all mineral rights, existing wells and underground piping, a closed-loop waterflood
injection system, approximately $150,000 in field equipment, a 5-acre parcel with metal shop
and production building, and a 2.5-acre utility access parcel. Hard assets valued at $350,000.
A prior reserve study supports an extrapolated recoverable reserve estimate of approximately
1.8 million barrels. Three wells currently produce approximately 5 barrels per day. Simple
mechanical repairs to three existing wells totaling $25,000 are projected to increase
production to 9 barrels per day with estimated payback of approximately four months at
current oil prices. An additional 42 wells have been identified as rework candidates at an
estimated cost of $45,000 per well, each adding approximately 2 barrels per day. The field
has not had the capital investment required to capitalize on its potential -- that is the
opportunity.

Financial Information

  • $400,000 Asking Price
  • $80,000 Gross Revenue

Business Location

  • City: Tulsa
  • State: Oklahoma

Detailed information

  • Year Established:
  • Home Based: No
  • Franchise: No
  • Relocatable: No
  • Lender Prequalified: No
  • SBA Prequalified: No
  • Full-Time Employees: 1
  • Part-Time Employees: N/A
  • Contractors: N/A
  • Owner Worked Hours/w: N/A
  • Inventory Included: No
  • Monthly Rent: N/A
  • Real Estate Available: Yes
  • Real Estate Included: Yes
  • Real Estate Value: $200,000
  • FF&E Included?: Yes
  • FF&E Value: $150,000

Real Estate Description

  • 5 Acre Parcel and a 2.5 Acre Parcel
Business Listed by
image of Karen Tipton
Karen Tipton
Sunbelt of Tulsa
Email Karen
Show Phone Number
Listing ID
TULSAOK001-57100

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