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Apr 9, 20182018 Plan Revenue of $102 million and adjusted EBITDA of $29.7 million
This privately-held Company is at the forefront in technology and application in today’s pressure pumping industry, and is one of the premier hydraulic fracturing service providers in its areas of operation, which include the Permian Basin in West Texas and the Eagle Ford Shale in South Texas. The Company has approximately 135 employees, comprised of frac crews, service crews, maintenance and repair personnel, executive management and administrative support. The company can supply nearly 100,000 HHP in pumping capacity. In addition to profitability, a focus on timely, quality service and safety are the most important objectives. Management reports zero recordable safety incidents over the past five years. The experienced and highly regarded management team will remain following the closing, with the principals willing to retain minority ownership following the closing.

Services: Hydraulic fracturing is the primary service, but services like pressure testing, pumpdowns, torque and test, re-fracs, toe preps, and acidizing helped the Company weather the storm of 2015-2016 The pump division is comprised of a wide variety of equipment, ranging from simple 60 HHP test units to twin 2,000 horsepower cumulative 20 barrel-per-minute pumps. This Company can provide a casing pressure test or a full DFIT in its wide range of pressure pumping capabilities.

Key Strengths and Competitive Advantages: This Company maintains 147 MSAs with top E&P companies. Its engineers are experts in fluid designs that optimize well production. The Company’s software can model reservoir parameters, estimate treatment conditions, and anticipate well production characteristics.

Differentiators: This Company’s mechanical capabilities far exceed those of its peers. Its equipment fabrication, manufacturing and mobile repair competencies, along with proprietary design innovations, save millions of dollars, and months of down time. Customer communications are proactive, focused on customer satisfaction and success.

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