Oil & Gas Producing Wells in Ventura County, California

This listing presents an opportunity to acquire producing oil and gas wells located in Ventura County, California. The deal is structured with a purchase price of $85,283,438, which includes $10,000,000 for the purchase of RTP (Revenue Participation Trust) opportunities, an area where the seller has a proven track record of developing over 200 opportunities. The valuation is based on projected EBITDA for 2021, 2022, and 2023, with an average projected EBITDA of approximately $21,509,554, representing a 3.5x EBITDA multiple on the core business price component. Additional capital expenditure for RTP operations is estimated at $10,000,000 to be spent over five years. An initial capital expenditure of $10,000,000 is also required, covering closing costs and initial cash. A contingency of $10,000,000 is factored in for potential sales price adjustments or miscellaneous items, bringing the total projected outlay to $115,283,438.