188 Acre Oil RanchID #:589136
Ranch Investments John Ed Stepan Principal
Ranch Investments is pleased to present this 188+/- acre ranch that includes 35 shallow wells and 100% mineral rights. The land is described as Native Pasture and Range Improved Dryland. The property is in both Bexar and Atascosa Counties. The main ranch serves as the Headquarters for PETRO LIONS, LLC, a crude oil production company with numerous operating wells on multiple leases within a 50-mile radius.
Ideally located just south of Loop 1604 near Somerset, Texas has paved road frontage on three sides. These 188 +/-acres of beautiful coastal Bermuda covered land with scattered oaks offers excellent grazing for the resident cattle herd. High atop a promontory, a comfortable custom home overlooks the ranch, it’s cattle and pumpjacks. The property has 35 wells and will be conveyed with 100% of the Mineral Estate and the income producing oil wells on the property. Total 2021 oil produces was 885 barrels.
The Main Home of approximately 3000 s.f. has 2 bedrooms 2.5 baths with a spacious 20x20 office. The house is constructed in “Texas Style” with many custom features such high ceilings, large rooms, hardwood cabinetry and native limestone exterior with deep porches.
The guest house is located near the main house is approximately 1568 s.f. 3 bedrooms, 2 bath manufactured home.
The manager’s house is located at the main gate and is approximately 1728 s.f. 3-bedroom 2 bath manufactured home.
A metal workshop and three sheds are located on the property for equipment storage.
The property is being offered “Turn Key” with all furnishings, fixtures, equipment and producing oil leases, please inquire for a complete offering memorandum. This is a rare opportunity in today’s market.
CONTACT AGENT FOR PRICE
Shown by appointment only with Ranch Investments. Buyers brokers must be identified on first contact and must accompany buying prospect on first showing to be allowed full fee participation. If this condition is not met, fee participation will be at the sole discretion of Ranch Investments.
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Licensed Real Estate Broker584476