Oil Production Business 1200 Acres with 50 Wells For Sale - Business for Sale
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Oil Production Business with 50 Wells in TN/KY Border Region
Gallatin, TN, US
Added 2 months ago
Energy
Absentee / Semi-Absentee
Oil production business operating 50 existing wells across 1,200 acres on the Tennessee/Kentucky border, with all associated equipment and infrastructure included.
Key Information
Asking
$998K
Revenue
$810K
Earnings
$401K
Multiple
2.5x
Key Highlights
- Business includes 1,200+/- acres with 50 existing oil wells across eight oil leases.
- Combined steady output is 28 to 30 barrels per day.
- Location is on the Tennessee/Kentucky border, specifically Gallatin, Sumner County, TN, US.
- All associated equipment and infrastructure are included in the sale.
- Current management consists of experienced oil workers who wish to stay on as minority partners and operators.
- Minimum investment considered is $300,000 for a 30% equity interest; no financing is allowed.
Contact Info
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