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1818 Aliso Canyon Road, New Cuyama, CA 93254

$725,000

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List Price: $725,000
Status: ACTIVE
MLS#: 25-3964
Price Change: ▼ $50,000 1768971086
Property Type: Residential/SFR
Region: OUT OF AREA

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Property Description

312+ Acre Oil Producing Property with Lease and 1/2 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 *AG Zoning allows for building residence

805-452-0440

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Additional Information

Elementary School: Other
Middle School: Other
High School: Other
Acres: 312
Region: OUT OF AREA
Terms: Cash, Assumable
Zoning: A-1