Low cost Texas oil wells for sale (Los Angeles, CA)

Low cost Texas oil wells for sale

The information within this posting relates to a monthly Income Stream for at least 20 years. Many of these will continue for over 50 years. This a real opportunity from a verifiable Company with extensive experience and success in this Industry. It is in the development and production of Oil in Texas.It is important to know and I m sure you all do that the Media has Pounded the Oil Industry with it s reports of Doom . They have made the slide in Oil prices a story of the Beginning of the End for Oil Companies. It s true that some Companies are in trouble. All are at best seeing massively lower profits. Most have cut back on production. Some have stopped all together. Some have or on the verge of going under. The Company seeking Investments here has a unique business model compared to all others. They seek out Investor-Partners instead of borrowing Thus they have ZERO DEBT. This model has turned out to be an excellent decision. They can continue to develop and produce Oil with the WTI as low as 11 barrel. Oil will not go anywhere near that price point.The Wells we drill are called Shallow-Low Production . They are not expensive to drill and then to operate. We drill down to no more than 1600 ft. The Formation we go into is Limestone which has tremendous natural pressure. Pressure is necessary for Oil to be pumped up. With this level of natural pressure we don t need to inject water to induce the pressure. It doesn t take more than 3 to 4 months form funding to start monthly revenue payments. They usually go on for at least 20 years. This is a LONG TERM INVESTMENT. The price of OIL will go back up. It may be later in this year maybe early next year. It appears to have stabilized averaging around 50 barrel. No one knows for sure except that it MUST GO BACK UP at some point. When it does this Investment will bring extremely high returns. Returns depend on two items production and the price of Oil. We have had steady production at levels that bring a handsome payment even with Oil at it s recent lowest point.All Investor-Partners receive ownership in the Wells they invest in. They own the Well with the Company and that ownership is Deeded and Recorded in Bexar County Texas. The Investor is guaranteed production this item is written in the sales agreement. They can offer this because there have been NO DRY Wells in over 1000 drilled up to now. Current Science and Technology allows us to know there is Oil under where we drill or we don t drill.Recently Investors in the first 38 Wells were receiving monthly payments around 1575 Net. This was with Oil at about 44 barrel. This return is just about a 16.4% Net Annual Return. The most recent price was just under 51 barrel. This will return closer to 1700 plus and a NAR of just under 18%. The biggest fact to remember is that Oil is down due to high production numbers worldwide and intense political pressure from Saudi Arabia to cut back American Shale production ( We do not drill into Shale). This plan is working for the Saudis . At some point this year prices will start returning to former levels. This is a LONG TERM INCOME INVESTMENT. If you can earn 16% when the market is down that in itself is a fine Investment. When Oil goes back to 60 barrel the NAR will be 22% 70 27% 80 31% These figures are based on the average low daily production from the first 38 Wells (at) 5 barrels day. This is the current average. Wells usually start off higher as high as 15 B day. Then they taper off to a relative steady pace. So the 5 barrel day is the level all of these Wells currently average. In addition to a steady stream of income for many years this Investment offers excellent Tax benefits. Depending on your Income level you will be able to write off the entire Investment in no less than 5 years. In addition to this write-off you will have the Bonus Depletion Allowance which is a deduction based on the Gross Annual Revenues from your Well. This is 15% annually for as long as the Well produces. The Investor cost for a one (1) Well Ownership Interest (40%) is 115 000