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Details - Information last confirmed on February 22, 2021

20 acres of Oil & Gas Properties in Los Angeles county with a long history of oil production until 1974.
Produced over 116.1 Million barrels of oil & 97.6 Billion cubic feet of gas. 20 Acres of Oil & Gas Leases in Los Angeles County, California.

Seller with consider mining and drilling

Asking Price: $52 Million obo including land, leases, minerals and easements. Fair mkt value:$ 82 Million
Production: These fields have produced over 116.1 Million barrels of oil and 97.6 Billion cubic feet of gas.
No mining currently
# Of Wells: 11 plus Existing Established proven visible Oil wells plus 5 Existing proven visible as wells.

History: These leases in Los Angeles County have had over a 112 years of history of oil and gas exploration.
Reports: Upon receiving your signed NDA, we will forward to you our most recent appraisal dated August 11th, 2011, Well Summary reports, and Log & Core Records of Oil and Gas production reports from Division of Oil & gas.

Potential:708,000 Bbls of potential recovery from the Oil Co. leases in the East Placerita Canyon area alone. Plus all other wells and Gas.
The Oil & Gas leases in Sections 3 & 4 of T3N R15W, SBB&M, are adjacent to and within the San Gabriel Fault Zone. This fault is a major tectonic feature that is sub parallel to the San Andreas Fault beginning and ending against it (Map available)

Disclaimer: The selling parties have not made any representation of warranties or guarantees. This information and contents of this ad may be considered reliable, but neither broker nor its affiliates and/or subsidiaries warrant its completeness or accuracy, and it should not be relied upon as such. Broker and its affiliates and/or subsidiaries are not under any obligation to update or correct any information provided on this website. Statements and opinions are subject to change without notice.

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Disclaimer: DealStream has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness. This listing does not constitute an offer to sell, solicit or make an offer to buy an investment interest. Offers to sell, or the solicitation of offers to buy, any security can only be made through official offering documents, such as a subscription agreement and private placement memorandum.