East Texas Oil & Gas Producing Wells for Sale
Financial Details
- Asking Price:
- $89,900
- Cash Flow / SDE:
- $45
- Profit Metric:
- Production
- Valuation Multiple:
- 1997.8x
- Location:
- Groesbeck, TX, US
- Source:
- Date:
- September 15, 2025
Key Highlights
Description
This listing presents a 100% working interest production package featuring two vertical Woodbine wells located approximately 6.5 miles northwest of Groesbeck, Texas, in Limestone County. The package includes all associated equipment and infrastructure, such as tank batteries with a capacity of over 500 barrels and a recently approved and completed produced water evaporation pit. The Baker Lease covers 37.03 acres and includes Baker #1 (API 29330649, TD 3079', 83.333 NRI), completed in 1986 and recently serviced with a new pump and rods in late 2019, along with a pump reset in 2021 and active chemical treatment. The Nichols Lease spans 34.66 acres and features Nichols #1 (API 29330575, TD 3056'), completed in 1981, which also underwent recent servicing including a pump reset in 2023, active chemical treatment, new pump, tubing, rods, and deepening in late 2019. The wells collectively average 45 barrels per month when operating. The seller will consider financing. Tank batteries are easily accessible for gauging, and purchasers will perform split loads between both leases.
Industry Information
- Industry Description:
- Oil & Gas Property Details
- Classification:
- Agriculture
Real Estate & Lease
- Status:
- Included
Listing Details
- Listing ID:
- bdb9c86d-4d38-4cd7-bc3e-bf958f25ed78
- Deal Status:
- For Sale
- Date Posted:
- February 02, 2024
- Last Updated:
- September 15, 2025
- Currency:
- USD