Oil & Gas Expl. & Production Co. For Sale in the Utica Shale.
Business Description
Independent Oil & Gas Exploration & Production FOR SALE in the Utica Shale.
Overview of Available or Needed Assets for this Project:
Options for Numerous 800+ Acre Pads in Utica Shale.
Medium Size Oil Rig (1,000 HP; Rated to 14,000; see picture.)
LOCATION: Near other operating wells in one of the ” Sweet Spots” of the Utica Shale play in OH, PA & WV.
Competitive Business Value Generation Model: Designed to fit the medium-level resources of this Independent Oil Company aiming to use optimum horizontal exploration ( limiting it to 4K to 6K feet lower risk penetration) and manage the lack of likely immediate access to pipelines. These are the Key Elements of the Value Generation Model:
Leased on-site mobile cryogenic units will yield value-added products that remain economic even without immediate access to pipelines (will use instead transportation via trucking, R/R, and/or barges.)
Under the above approach, medium-sized acreage fields of less than 1,000 acres will be optimal (please see the attached flyer for an icon of Pad configuration.)
The Company is expecting to afford to give more favorable contracts to its land-owners driven by the value-added products. This company has a devoted following of Landowners and fellow Oilmen enabling it to have access to desirable Utica and Marcellus acreage not optimal for large operators.
For more information please to attached one-page flyer.
Overview of Available or Needed Assets for this Project:
Options for Numerous 800+ Acre Pads in Utica Shale.
Medium Size Oil Rig (1,000 HP; Rated to 14,000; see picture.)
LOCATION: Near other operating wells in one of the ” Sweet Spots” of the Utica Shale play in OH, PA & WV.
Competitive Business Value Generation Model: Designed to fit the medium-level resources of this Independent Oil Company aiming to use optimum horizontal exploration ( limiting it to 4K to 6K feet lower risk penetration) and manage the lack of likely immediate access to pipelines. These are the Key Elements of the Value Generation Model:
Leased on-site mobile cryogenic units will yield value-added products that remain economic even without immediate access to pipelines (will use instead transportation via trucking, R/R, and/or barges.)
Under the above approach, medium-sized acreage fields of less than 1,000 acres will be optimal (please see the attached flyer for an icon of Pad configuration.)
The Company is expecting to afford to give more favorable contracts to its land-owners driven by the value-added products. This company has a devoted following of Landowners and fellow Oilmen enabling it to have access to desirable Utica and Marcellus acreage not optimal for large operators.
For more information please to attached one-page flyer.
About the Business
- Years in Operation
- 43
- Number of Employees
- 11
- Currently Relocatable
- Yes
- Facilities & Assets
- Warehouse, Offices, Land for Parking.
- Market Outlook / Competition
- There is a demand for the products, services, and expertise offered by this company.
- Opportunities for Growth
- The Utica Shale is reportdely expected to be a major supplier of natural gas in the U.S. for serveral decades to come.
About the Sale
- Seller Motivation
- Expansion and retirement.
- Transition Support
- The company has the staff to train new employees and partners and expand headcount.
Listing Info
- ID
- 2150360
- Listing Views
- 4536
Attached DocumentsAttachment Disclaimer
Listing ID: 2150360 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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