315.00 acres | #20814420
Description
Profitable Investment Opportunity in the Heart of the West Texas Oil and Gas Industry. Featuring 300 plus acres that include an income-producing 500,000 barrel freshwater pit fed by four water wells. The property is strategically located along TX Hwy 17 and offers a lucrative opportunity to meet the growing water demands of the booming oil and gas industry. Included with the land is a barn, house well, windmill well, a total of 4 irrigation wells- three of which are new, with 8 inch pumps, new column pipe, newer shafting and tubing and electric motors and one used 3306 Caterpillar engine with new 8 inch pump, casing, shafting and tubing, and 1-1 gear head and lay flat lines from wells to water pit. Situated between two major interstate highways, US Hwy 10 and US Hwy 20, the property provides fresh water to oil companies for fracking operations-a critical resource in high demand as the region gears up for increased activity. This opportunity is for an industry-related company to quickly expand its business and offerings or for a highly experienced individual ready to walk into a turnkey operation.
Property Details
- Utility FeaturesElectricity Available, Overhead Utilities
- Property SubtypeUnimproved Land
- School DistrictBalmorhea ISD
- Elementary SchoolBalmorhea
- Acres315.0000
- Property TypePurchase
- MLS #20814420
- MLS #20814420
- Lot DescriptionAcreage
- Cost5000000
- SubdivisionH & GN
- CountyReeves
Location
Legal
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Last Updated: . Source: NTREIS
Listing Courtesy
Listing Agent: Mary Ann Juarez (#0736646), Phone: (469) 751-4300
Listing Office: Ziglar Realty (#ZGRR01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
