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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 Type(s):
Commercial
| Last Updated | 1/6/2025 | Community | Cuyama |
|---|---|---|---|
| County | Santa Barbara |
Additional Details
| AREA | Cuyama |
|---|---|
| HOA DUES | 0 |
| LOT | 312.7 acre(s) |
| LOT DESCRIPTION | Pasture, Ranch |
| UTILITIES | Electric: Heavy |
| WATER | Private |
| ZONING | U |
Location
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Listed with Berkshire Hathaway HomeServices California Properties
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