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Mobile Home Park

Ocean Front RV Resort

919 County Rd 313, Kermit, TX 79745

Listing Price: Request For Offer

Number of Spaces
302
Lot Size
28.15 acres
Occupancy
60.0%
Spaces/Acre
10.73
Year Built
2018

Investment Overview

Ocean Front RV Resort has quickly become known as the premier RV park in Kermit, Texas. With a 4.3/5 star rating on Google and over 90 reviews, they have more positive feedback than any other RV Park in the city. Ample amenities include things such as: sparkling outdoor pool, patio area with TVs, volleyball court, turf field, basketball court, and Wi-Fi for all residents. Due to the nature of the area and the close proximity to the gas and oil fields, many visitors stay for long periods of time, making this property feel like one big family. Some of the recent articles in the news boast ample opportunity coming to the Kermit and surrounding areas: • Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 78,000 barrels per day (bpd) to a record 5.445 million bpd in August, the U.S. Energy Information Administration (EIA) said in its productivity report July 18, 2020. • Chevron has raised its 2022 production forecast in the Permian Basin to between 700,000 and 750,000 barrels of oil-equivalent per day, a more than 15% year-over-year increase. • The Permian, which spans West Texas and southeastern New Mexico, now boasts higher production than any country outside the United States except for Russia and Saudi Arabia, researchers highlighted. • In the second quarter of 2022, the Permian Basin attracted huge levels of investment, winning 46 percent of all U.S. oil and gas merger and acquisition deals, or $5.5. billion out of a total of $12 billion in oil and gas production deals. • One of the major deals in the Permian region was a merger between Texas-based Colgate Energy and Denver’s Centennial Resource Development in May, making it the largest pure-play exploration and production company in the Delaware Basin of the Permian. The company expects to produce around 135,000 bpd. In June of 2022, Warren Buffet purchased roughly $500 million in Occidental Petroleum (Oxy) shares. Oxy is a leading producer in the U.S. Permian Basin, one of the most prolific oil basins in the world, where they operate some of the top-performing wells in the industry. With a position of approximately 2.9 million net acres in Texas and New Mexico, their combined Permian Basin portfolio of conventional and unconventional acreage differentiates them from competitors. In addition to the Occidental stake, Buffet also holds a nearly $26 billion stake in Chevron. Chevron stock up 25 percent so far in 2022. Of course, nearly all energy stocks have risen this year in response to the Ukraine war. Permian producers EOG Resources and Pioneer Natural Resources are up 23 percent to 24 percent. Exxon Mobil is up 43% thanks to its Permian production and refining capacity. But Occidental Petroleum’s gain tops them all, with OXY stock up 109 percent year to date.

Investment Highlights

  • Top Rated RV Park in the Area
  • Premier Amenities Including: Showers, Wi-Fi, Laundry Facilities, Swimming Pool, Security Gates, Security Patrol, Dog Park, and More
  • Operates on City Water and Sewer

Exclusively Listed By

Mobile Home Park

Ocean Front RV Resort

Listing Price: Request For Offer

Number of Spaces
302
Lot Size
28.15 acres
Occupancy
60.0%
Spaces/Acre
10.73
Year Built
2018

Investment Highlights

  • Top Rated RV Park in the Area
  • Premier Amenities Including: Showers, Wi-Fi, Laundry Facilities, Swimming Pool, Security Gates, Security Patrol, Dog Park, and More
  • Operates on City Water and Sewer

Investment Overview

Ocean Front RV Resort has quickly become known as the premier RV park in Kermit, Texas. With a 4.3/5 star rating on Google and over 90 reviews, they have more positive feedback than any other RV Park in the city. Ample amenities include things such as: sparkling outdoor pool, patio area with TVs, volleyball court, turf field, basketball court, and Wi-Fi for all residents. Due to the nature of the area and the close proximity to the gas and oil fields, many visitors stay for long periods of time, making this property feel like one big family. Some of the recent articles in the news boast ample opportunity coming to the Kermit and surrounding areas: • Oil output in the Permian in Texas and New Mexico, the biggest U.S. shale oil basin, is due to rise 78,000 barrels per day (bpd) to a record 5.445 million bpd in August, the U.S. Energy Information Administration (EIA) said in its productivity report July 18, 2020. • Chevron has raised its 2022 production forecast in the Permian Basin to between 700,000 and 750,000 barrels of oil-equivalent per day, a more than 15% year-over-year increase. • The Permian, which spans West Texas and southeastern New Mexico, now boasts higher production than any country outside the United States except for Russia and Saudi Arabia, researchers highlighted. • In the second quarter of 2022, the Permian Basin attracted huge levels of investment, winning 46 percent of all U.S. oil and gas merger and acquisition deals, or $5.5. billion out of a total of $12 billion in oil and gas production deals. • One of the major deals in the Permian region was a merger between Texas-based Colgate Energy and Denver’s Centennial Resource Development in May, making it the largest pure-play exploration and production company in the Delaware Basin of the Permian. The company expects to produce around 135,000 bpd. In June of 2022, Warren Buffet purchased roughly $500 million in Occidental Petroleum (Oxy) shares. Oxy is a leading producer in the U.S. Permian Basin, one of the most prolific oil basins in the world, where they operate some of the top-performing wells in the industry. With a position of approximately 2.9 million net acres in Texas and New Mexico, their combined Permian Basin portfolio of conventional and unconventional acreage differentiates them from competitors. In addition to the Occidental stake, Buffet also holds a nearly $26 billion stake in Chevron. Chevron stock up 25 percent so far in 2022. Of course, nearly all energy stocks have risen this year in response to the Ukraine war. Permian producers EOG Resources and Pioneer Natural Resources are up 23 percent to 24 percent. Exxon Mobil is up 43% thanks to its Permian production and refining capacity. But Occidental Petroleum’s gain tops them all, with OXY stock up 109 percent year to date.

Exclusively Listed By

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