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 3 months ago
Oil Production
8 years in business
Absentee / Semi-Absentee
Oil production business operating 50 wells across eight leases totaling approximately 2,000 acres on the Tennessee/Kentucky border, managed absentee with experienced staff in place.
Key Information
Asking
$998K
Revenue
$1.1M
Earnings
$640K
Multiple
1.6x
Key Highlights
- Business has been established for 8 years
- Includes 50 existing oil wells and all associated equipment on eight oil leases totaling approximately 2,000 acres
- Combined steady output is 34 to 38 barrels per day
- Business is located on the Tennessee/Kentucky border
- Business is managed by experienced oil workers who want to stay on with the new owner
Contact Info
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