Since its incorporation in 1983, Summit Funding Inc. has provided ongoing operations for natural gas extraction utilizing a 7 mile pipeline with a total of 3 pumps in Clark County, Kentucky. Summit
Funding Inc. currently sustains a lease which spans a total of 2, 212.2 acres. Also included in the parcel are 2 lakes, a commercial dehydrator, 2 commercial drip tanks and a storage facility for
all the necessary equipment. The property holds the following in certified reserves:
- 763,000 barrels total crude oil reserves worth $61,040,000 (at $80 per barrel)
- 1,891,400 MCF natural gas reserves worth $11,348,400 (at $6 per MCF)
Purchase price for entire company, leases, equipment, mineral rights, and oil reserves. Purchase price being offered at $1,400,000 OBO.
Natural Gas and Oil Property
Application: | Industry Fuel |
Type: | CNG |
Place of Origin: | Kentucky United States |