Oil Production Business for Sale - - Absentee - Business for Sale
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Oil Production Business with 50 Wells on TN/KY Border
Hendersonville, TN, US
Added today
Energy
8 years in business
Absentee / Semi-Absentee
Oil production business operating 50 stripper wells across 1,200 acres on the Tennessee/Kentucky border, managed absentee with existing infrastructure and steady output.
Key Information
Asking
$998K
Revenue
$810K
Earnings
$445K
Multiple
2.2x
Key Highlights
- Business has 50 existing oil wells across eight oil leases totaling approximately 1,200 acres
- Combined oil production is 28 to 30 barrels per day
- Business has been established for 8 years
- Business is managed by experienced oil workers who wish to stay on with new ownership, allowing for absentee ownership if desired
- Investments starting at $300,000 for proportional equity interest are considered
Contact Info
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