$725,000

1818 Aliso Canyon Road

312 Acres

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

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Location

1818 Aliso Canyon Road, NEW CUYAMA, CA 93254

Status

For Sale

Property Amenities

Area & Lot

Lot Area 312 Acres

MLS® ID 25-3964

High School Other

Middle School Other

Elementary School Other

View Description Mountain(s)

Type Land

Status For Sale

Exterior

Water Source Private

Lot Features Rolling Slope

Finance

Sales Price $725,000

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$725,000