American oil producing land!! Family owned since 1972, this $485,000

Acreage Off Market

American oil producing land!! - - - Family owned since 1972, this property has a lot to offer. - Oil production, grassland, water and big game hunting. Located just south of Garnett Kansas, and about an hour from Kansas City metro. - Here is your opportunity to own an investment property that has great ROI from day one, - with space to build your country home. LandThe 111 +- acreage has native grassland, timber and a pond. There is natural runoff down to the South Fork Pottawatomie river that runs along the East property line and the property is accessible via county road along the west side. RecreationHunting enthusiast will enjoy the deer population that have been selectively harvested for the last 40 years. There is currently about 20 toms that roam the property and the owner allows one turkey hunt per year that has a proven harvest of great birds. With plenty of beans and corn fields near by, there will be great hunting for years to come. Water/Mineral Rights & Natural ResourcesThe working interest of oil, was first drilled in 1979 with an infrastructure investment in the late 2000’s that included adding pumps and updating equipment. There are 16 production pumps and 7 injection wells with an annual average of 2 barrels per day. Historical production from 1980 to current available on KGS website . All the equipment for production is owned and will transfer to buyer. Consistent water flood operating to keep production steady and continuous for the foreseeable future, with a longterm operator in place. Current working interest ROI (EBITDA) is over 12%. General OperationsA complete breakdown of historic oil production, 2020 pumping and repair costs can be made available with a qualified buyer. Grassland is currently leased for 10 cow-calf pairs. Lease is negotiable upon purchase. LocationLocated 5 miles south of Garnett Kansas, 30 miles from Ottawa Kansas, and 60 miles south of Olathe Kansas