0 Jayne Ave. And Derrick St.

    Coalinga, CA 93210
    • $5,900,000
    • STATUS: Active
    • ON SITE: 132 days
    • ID#: PW19269252
    UPDATED: 43 min ago
    $5,900,000
    • 0
      BEDS
    • 1327
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Business Opportunity
    County:

    School Ratings & Info

    Description

    Offering Memorandum in Supplements.https://youtu.be/BsPTReY3fME; Sale of FIRST OIL & GAS INC. would include all oil, gas, and water well rights located on approx. 1,327 acres of land consisting of 1 fee simple (40 acres) and 3 lease holds (1,287 acres) near Jayne Avenue and Derrick Street in Coalinga, Fresno County, California. These four properties include six (6) parcels with the following APNs (063-270-14-S, 063-270-14-M, 880-050-08, and 880-050-09).APPROX. 37 OIL WELLS, 1 NATURAL GAS WELL, AND TWO FRESH WATER WELLS (FOR CATTLES) ARE LOCATED ON THESE FOUR PROPERTIES.PER OWNER'S GEOLOGICAL REPORT (06/11/11) & COUNTY OF FRESNO'S LETTER TO OWNER (01/04/18), ESTIMATES OF APPRX. FIVE MILLION (5,000,000) BARRELS OF OIL RESERVES ARE LOCATED BELOW GROUND WITHIN THESE FOUR PROPERTIES. Sale includes these items:(1) Oil Productions and Incomes from Sec. 1, 2 & 35(2) Oil Reserves in Temblor Zone (Sec. 1)(3) Oil Reserves in Eocene Zone (Sec. 1, 2 & 35)(4) Potential Tertiary Production (Steam Push Pull & Steam Flood)(5) Gas Well (6) 40 Acres Fee (Water Wells for Cattle/Horses)(7) 40 Acres Fee (Property with Hillside View of the Coalinga Town ? Potential Residential Developments)(8) OTHER POTENTIALS:? Renewable Energy Developments (solar/wind turbine farms)DISCLAIMERS: ALL BUYER(S)/INVESTORS/SELLING AGENTS MUST DO THEIR OWN DUE DILIGENCE TO VERIFY ANY AND ALL ACCURACY OF SUCH INFORMATION AS PART OF PURCHASING THESE PROPERTIES.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-02T11:33:11.253. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Parkside Real Estate. Licensed in the State of California, USA.

    www.discoverslocountyrealestate.com/homes/101169256

    0 Jayne Ave. And Derrick St. Coalinga, CA 93210

    • Price: $5,900,000
    • Status: Active
    • Updated: 43 min ago
    • ID#: PW19269252
    0
    Beds
    0
    Baths
    0
    ½ Baths
    1327
    Acres
    County:
    Fresno
    Property Description
    Offering Memorandum in Supplements.https://youtu.be/BsPTReY3fME; Sale of FIRST OIL & GAS INC. would include all oil, gas, and water well rights located on approx. 1,327 acres of land consisting of 1 fee simple (40 acres) and 3 lease holds (1,287 acres) near Jayne Avenue and Derrick Street in Coalinga, Fresno County, California. These four properties include six (6) parcels with the following APNs (063-270-14-S, 063-270-14-M, 880-050-08, and 880-050-09).APPROX. 37 OIL WELLS, 1 NATURAL GAS WELL, AND TWO FRESH WATER WELLS (FOR CATTLES) ARE LOCATED ON THESE FOUR PROPERTIES.PER OWNER'S GEOLOGICAL REPORT (06/11/11) & COUNTY OF FRESNO'S LETTER TO OWNER (01/04/18), ESTIMATES OF APPRX. FIVE MILLION (5,000,000) BARRELS OF OIL RESERVES ARE LOCATED BELOW GROUND WITHIN THESE FOUR PROPERTIES. Sale includes these items:(1) Oil Productions and Incomes from Sec. 1, 2 & 35(2) Oil Reserves in Temblor Zone (Sec. 1)(3) Oil Reserves in Eocene Zone (Sec. 1, 2 & 35)(4) Potential Tertiary Production (Steam Push Pull & Steam Flood)(5) Gas Well (6) 40 Acres Fee (Water Wells for Cattle/Horses)(7) 40 Acres Fee (Property with Hillside View of the Coalinga Town ? Potential Residential Developments)(8) OTHER POTENTIALS:? Renewable Energy Developments (solar/wind turbine farms)DISCLAIMERS: ALL BUYER(S)/INVESTORS/SELLING AGENTS MUST DO THEIR OWN DUE DILIGENCE TO VERIFY ANY AND ALL ACCURACY OF SUCH INFORMATION AS PART OF PURCHASING THESE PROPERTIES.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Acres

    Property Features

    Additional Parcels Description 06327014M8800500888005009 Additional Parcels YN Yes Building Area Units Square Feet Business Type Other Country Us Leasable Area Units Square Feet Number Of Full Time Employees 0 Number Of Part Time Employees 1 Year Established 1980

    Listing provided courtesy of Tay Dam of Greenfield Realty


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-04-02T11:33:11.253. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Parkside Real Estate. Licensed in the State of California, USA.

     
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