1818 Aliso Canyon Road, NEW CUYAMA
NEW CUYAMA Home For Sale
This 312+ acre property, featuring a productive oil lease and 50% mineral rights, generates substantial monthly royalties, currently averaging around $2,000. Managed by E&B Resources, a fully bonded and insured operator, this land offers paved access and hosts approximately 17 active oil wells. These wells have been consistently profitable, especially with the recent rise in oil prices, indicating an upward trend in royalty income. Excluded from the Cuyama water basin management area, the property boasts favorable water profiles for wells, producing over 200 gallons per minute as per geological assessments. With no liability concerns for future cleanup due to E&B Resources' comprehensive insurance and bonding with the county, this property is a key asset in their oil production strategy. Located in the heart of the Arco field with an established tank farm, it also offers opportunities for outdoor activities like dove and quail hunting, and 4-wheel driving. Additionally, its agricultural zoning permits the construction of a residence, adding further value to this lucrative investment opportunity.
Property Details
Additional Information
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- City:
- NEW CUYAMA
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- County:
- Santa Barbara
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- Zip:
- 93254
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- MLS® #:
- 24-239
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- Lot Size:
- 312.70
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- Neighborhood:
- 97 - OUT OF AREA
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Listing information last updated on May 4th, 2024 at 3:15pm PDT.