1818 Aliso Canyon Road
New Cuyama, CA 93254
312.70 acres | #25477183
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
Property Details
- Property SubtypeCommercialSale
- Lot DescriptionPasture, Ranch
- CountySanta Barbara
- Property TypePurchase
- Original List Price$775,000
- MLS #25477183
- MLS #25477183
- Utility SourcePrivate
- Cost775000
- Acres312.7
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Jody Neal (#CLW-C129946)
Listing Office: Berkshire Hathaway HomeServices California Properties (#CLW-B2003116)
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