Oil, Proven Reserves (Mineral Rights) With Land - Business for Sale
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Oil Mineral Rights and Land in San Miguel, TX
San Miguel, TX, US
Added 10 months ago
Energy - Oil and Mineral Rights
This listing is for the sale of 100% mineral rights to proven heavy oil reserves on 4,926.5 acres, with 1,713.5 acres of land also available, located in San Miguel, Texas near the Eagle Ford Shale.
Key Information
Asking
$28.5M
Revenue
–
Earnings
–
Multiple
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Key Highlights
- 1,713.5 acres of land available for purchase for $5,200,000
- Proven heavy oil reserves with calculated recoverable reserves of 98,600,000 barrels at 30% recovery rate
- Calculated value of reserves placed at $4,390,000,000 using a net $45.00 per barrel
- Nine test wells drilled in the 1960s showed presence of heavy oil; logs available for review
- Up to 40% seller financing available
Contact Info
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