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Oilfield Services Provider In The Permian Basin For Sale

Texas, US
Asking Price:
On request
Sales Revenue:
$38,371,000 (USD)
Cash Flow:
$6,334,000 (USD)

An Odessa-based, oil and gas safety services and products provider. The company is an oilfield safety and environmental service provider in the Permian Basin offering a wide variety of professional services. It is a very diverse company offering a well service-rig division, hot oil unit division, vac and kill truck division, water transfer division, as well as a roustabout division. With an abundance of equipment and services, it can offer companies from drilling to midstream with professional services.

Key aspects
· Great Reputation from 19 years of conducting honest business
· Talented management team with great expertise in their field of work
· Sales team with strong local and corporate relationships
· Hundreds of MSA´s on file including most major oil companies
· 200 dedicated professionally trained employees
· Excellent opportunity for growth
· Diversified to handle needs of any company from drilling to midstream

Opportunities
· Large demand for safety services from onsite supervisions, rental, training, and product sales with increases in OSHA regulations
· Expansion of Environmental Services into New Mexico as well as a larger footprint into Texas
· Water Transfer Department has great potential for growth in both New Mexico and Texas with adding 12" transfer line as well as the capability to pump produced water
· Opening new avenues by adding services to the mining and public sector
· New lines of work in the pulling unit department by adding plugging equipment to meet a growing demand, while also providing an opportunity for the environmental department

Headquartered
· Odessa, Texas

Current markets
· The majority of customers are oil and gas companies in West Texas and Southeast New Mexico.

Real estate
· The company owns one office building, leases two other offices, and leases multiple plots of land.

Shareholder/owner objectives
· The owner is looking for an equity partner with a full exit in mind after 3-5 years.

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