1818 Aliso Canyon Road , New Cuyama, CA 93254
New Cuyama, CA 93254
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
Details
| MLS# | 25477183 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 13 |
| Listing Provided By | Berkshire Hathaway HomeServices California Properties 805-687-2666 | Jody Neal |
Features
| Zoning | U |
|---|---|
| Acreage | 312.70 |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Santa Barbara |
| City | New Cuyama |
| Zip Code | 93254 |
| Area | CYMA Cuyama |
| Listing VS Median (in 93254) | |
Price: $775,000 low | high Med: $359,900 On Site: 13 low | high Med: 212.000000 | |