 |
|
Listing Cretic Energy Services, LLC
Price:$2,730,000
Status:For Sale
is pleased to offer for sale to qualified investors an industrial property leased to Cretic Energy Services, LLC in Pleasanton, Texas.
The subject Property is 100% leased to Cretic Energy Services, under an absolute NNN lease with a five (5) year base lease term, including 2% annual rental increases and one, five (5) year option period.
Pleasanton is located within the Eagle Ford Shale, one of the most actively drilled targets for oil and gas in the United States. The Eagle Ford Shale play extends about 400 miles across South Texas in a 50-mile-wide band, from the Mexican border, below San Antonio and into East Texas.
By 2020, it has been forecast that close to 5,000 new wells will be drilled in the Eagle Ford Shale. Under this conservative estimate, development would generate more than $21.5 billion in total annual economic output and support roughly 68,000 full-time jobs in the area by 2020. |
No comments:
Post a Comment