Oklahoma Waterflood Oil Field For Sale | Wagoner County
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
Karen Tipton
Sunbelt of TulsaContact Business Broker
"*" indicates required fields