Neighborhood Info
Commercial in CUYAMA
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
Main Features
- Listing Status: Active
- Year Built: 2023
- County: Santa Barbara
- MLS Number:22-2203