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 Details
Price:
$775,000
MLS #:
25477183
Status:
Active
Baths:
0
Address:
1818 Aliso Canyon Road
Type:
Commercial
Neighborhood:
cymacuyama
City:
New Cuyama
Listed Date:
Jan 6, 2025
State:
CA
ZIP:
93254
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Full-time Real Estate Broker, sold 1100+ Properties in SLO and SBC County. 38 years of local real estate knowledge and experience. I understand each sale is about you and your goals. I know as we get older, we don’t have time to make up for any mistakes especially when it comes to one the most significant investments. I care about my clients and work very hard to share my knowledge and protect you along the way. I place the appropriate verbiage in the listing and listing agreement depending …
More About JoAnnMortgage Calculator
Schools
Interior
Exterior
Electric
Heavy
Parking Spots
0.00
Water Source
Private
Financial
Map
Community
- Address1818 Aliso Canyon Road New Cuyama CA
- AreaCYMA – Cuyama
- CityNew Cuyama
- CountySanta Barbara
- Zip Code93254
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1818 Aliso Canyon Road
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