Onshore Oil Drilling Businesses for Sale and Investment

Opportunity to acquire a legacy oil field development project in the historic Exxon Caddo Limestone Reef Play, located in Foard County, southwest of Vernon, Texas. - The asset includes producing oil wells, injection wells, tank batteries, and significant remaining reserves with substantial redevelopment potential. - Current operations include 7 active producing wells generating over 35 BOPD, 8 active injection wells with more than 15,000 BWPD injection capacity, and additional wells being brought back online to increase production. - Revenue is generated through crude oil production and sales, with oil marketed through established offtake arrangements. - The field has an estimated Original Oil in Place (OOIP) of 36 million barrels, with approximately 24 million BOE remaining in place and an estimated 5 million recoverable barrels through secondary recovery and infill drilling. - Includes approximately 20 identified horizontal drilling locations that have not yet been developed, providing significant production growth potential. - Additional upside exists through the reactivation of 27 shut-in wells, optimization of water injection systems, and implementation of secondary recovery programs. - Operations are supported by existing infrastructure including tank batteries with electronic monitoring systems, water injection facilities, and an experienced field crew. - The asset offers a compelling opportunity for experienced oil and gas operators seeking production growth through redevelopment and enhanced recovery techniques. - The buyer will be required to register as an oil operator with the State of Texas and obtain the necessary insurance bond and regulatory approvals before operating the asset.

Opportunity to acquire a legacy oil field development project in the historic Exxon Caddo Limestone Reef Play, located in Foard County, southwest of Vernon, Texas. - The asset includes producing oil wells, injection wells, tank batteries, and significant remaining reserves with substantial redevelopment potential. - Current operations include 7 active producing wells generating over 35 BOPD, 8 active injection wells with more than 15,000 BWPD injection capacity, and additional wells being brought back online to increase production. - Revenue is generated through crude oil production and sales, with oil marketed through established offtake arrangements. - The field has an estimated Original Oil in Place (OOIP) of 36 million barrels, with approximately 24 million BOE remaining in place and an estimated 5 million recoverable barrels through secondary recovery and infill drilling. - Includes approximately 20 identified horizontal drilling locations that have not yet been developed, providing significant production growth potential. - Additional upside exists through the reactivation of 27 shut-in wells, optimization of water injection systems, and implementation of secondary recovery programs. - Operations are supported by existing infrastructure including tank batteries with electronic monitoring systems, water injection facilities, and an experienced field crew. - The asset offers a compelling opportunity for experienced oil and gas operators seeking production growth through redevelopment and enhanced recovery techniques. - The buyer will be required to register as an oil operator with the State of Texas and obtain the necessary insurance bond and regulatory approvals before operating the asset.