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$775,000
Est. payment /mo
312.7 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25477183
HOA Y/N No
Lot Size 312.700 Acres
Property Description
312+ Acre Oil Producing Property with Lease and 50% of mineral rights. Leased and operated by E&B (fully bonded and insured). Paved access, 17+- oil wells producing and paying royalties with oil prices high and rising. Trailing 12mo royalties average 2000/mo... trending higher. *Outside of the Cuyama water basin management area *good water profiles for well (over 200gpm according to geologist) *E&B Resources is the operator of the oil wells, they have bonds and insurance w/county so there are NO liability issues w/any future cleanup. *They are increasing production and more wells may com back online as oil prices/demand is strong. *This property is the key for their oil production. Tank farm and center of the arco field. *Good dove quail and 4wd
Location
State CA
County Santa Barbara
Area Cyma - Cuyama
Zoning U
Interior
Fireplace No
Building
Lot Description Pasture, Ranch
Water Private
Others
Tax ID 147150007
Financing Cash
Special Listing Condition Standard
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Listed by Jody Neal Berkshire Hathaway HomeServices California Properties