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Oilfield Construction And Services Provider In Texas For Sale

Texas
Asking Price:
Available on request
Sales Revenue:
$2,787,000
Cash Flow:
$517,000

The company is an oilfield construction and roustabout services provider in the Bakken Formation and the Permian Basin. The company is also securing a patent on a proprietary battery tank sampling system that improves safety while measuring oil quality.

Key aspects
· The company services numerous well-known oil and gas companies in the Bakken Formation and the Permian Basin
· The company is securing a patent on a proprietary battery tank sample system that it developed
· The company is currently experiencing rapid growth
· About 35 employees in the Bakken and 20 in the Permian with an expansion goal of 100 employees
· Wide array of specialized product offerings and highly adaptable to the market and customers´ needs
· Has Master Service Agreements with numerous large clients
· The company has been accident free since 2014 and has an OSHA TRIR of zero

Opportunities
· Patent the developed proprietary battery tank sample system
· Develop a Safety Trailer concept that the company has created
· Continue to expand Texas operations
· Purchase additional equipment to expand service offerings
· Injecting cash into the business will eliminate the company´s need to factor receivables
· Trending increases in OSHA regulations and standards factor into increases in demand for safety services

Current markets
· The majority of the company's customers are oil and gas companies in North Dakota´s Bakken Formation and the Permian Basin in West Texas. The company provides construction services for both upstream and midstream markets and its roustabout services primarily serve the
upstream market.

Real estate
· The company operates from three pieces of property. It rents its Bakken Formation premises from an unrelated third party. In Texas, the company owns a seven-acre yard for storage and also rents an
office, shop, and yard in Odessa from an unrelated third party.

Shareholder/owner objectives
· The company has four owners, two active and two silent. They are looking for an equity partner and have a full exit in mind after three to five years. They are open to deal structure to achieve this goal.

Property information

Real Estate:

Lease

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