Oil & Gas Drilling Program in Michigan with High Return Potential
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Financial Details
- Asking Price:
- $1,000,000
- Cash Flow / SDE:
- $360,000
- Valuation Multiple:
- 2.8x
- Location:
- Lansing, MI, US
- Source:
- Date:
- August 27, 2025
Key Highlights
- Oil and gas drilling program in Eaton County, Michigan, targeting a Niagaran Reef.
- Estimated recoverable oil reserves of 1MM barrels, presenting a potential investment opportunity.
- Offers an 80% working interest with potential for significant monthly gross cash flow.
Description
Oil and gas drilling program in Eaton County, Michigan, presenting a potential investment opportunity. The project focuses on a newly discovered Niagaran Reef with estimated recoverable oil reserves of 1MM barrels. The initial well encountered technical difficulties, but the site has potential for further development with additional prospects in the area. The listing specifies an 80% working interest and potential for significant monthly gross cash flow.
Industry Information
- Industry Description:
- Oil & Gas
- Classification:
- Manufacturing
Listing Details
- Listing ID:
- ab31dd40-1f33-4655-9814-e3f2fd742513
- Deal Status:
- For Sale
- Date Posted:
- August 26, 2025
- Last Updated:
- August 27, 2025
- Currency:
- USD
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