The Company offers well bore intervention, such as fishing, clean out, and repair services to oil, gas, and water well bores and blockages. Equipment rental services are also provided. The Company removes dropped or stuck items and clears sediment from well bores, as these items may cause damage or restrict the well's production. Built-up sediment and blockages include materials such as scale, sand, and calcium sulfate.
Key Aspects:
- Equipment rental services offer supplemental revenue and, together with jobs in the water industry, help to insulate the Company from the oil & gas industry's volatile nature.
- The Company has an extensive inventory of unique fishing equipment, allowing service on a wide variety of jobs.
- Approximately 85% of 2025 revenue was attributable to repeat customers that have worked with the Company for years.
- Two proprietary tools are rented out and sold to provide additional revenue streams for the Company.
Opportunities
- Sell the two proprietary tools throughout the U.S. and overseas, increasing the revenue streams from each tool.
- Pursue expansion into the water industry, growing the customer base and associated revenue stream.
- Launch a marketing campaign to increase customer awareness of the Company's services in the geographic service area and adjacent regions.
- Extend the geographic service area to other regions of the U.S. that the Company does not currently serve.
Headquartered
• Southwest U.S.
Current Markets
• The Company serves the oil & gas and water industries in the Southwest United States.
Shareholder Objectives
• The Company is owned by two equal shareholders who are seeking retirement and a full sale. The shareholders are open to transition periods prior to their eventual full exits and will consider a variety of deal structures in order to facilitate a transaction.
