Mar 26, 2019 — The company provides oilfield services which include vacuum trucks, oil well location construction, and chemicals to aid in the completion process of oil well drilling, with an emphasis on servicing our clients in a partnership atmosphere.
· Master Service Agreements with strong and reliable clientele
· Significant investment in capital expenditures over the past 18 months in additional operational assets
· Well-known services among the oil and gas companies in the Permian and Delaware Basin
· The company is currently experiencing explosive growth
· 110 full-time employees
· Over 80 trucks in the operating fleet
· Strong dedication and focus on the individual needs of the customer with a commitment to excellence
· Water transportation & disposal are core services of the business
· Highly adaptable to the market and clients´ needs
· Spending on water management in the oil and gas industry is forecasted to nearly double in the next five years (Bloomberg)
· Further expand operations geographically into other areas of West Texas and into neighboring states with strong oil and gas presence
· Huge potential for scalable growth
· Ability to continue increasing the pad construction for rigs and chemicals to aid in the completion process of oil well drilling, with an emphasis on servicing our clients in a partnership atmosphere.
· Permian Basin (Texas)
· The company primarily serves the upstream oil and gas market in the Permian and Delaware Basins.
· The company operates from a 5+ acre property in West Texas. The company leases the property from one of the owners. The property can be included in the deal or leased at a negotiable rate.
· The company recently opened a second site located in Pecos County with the goal of serving the Delaware Basin and surrounding areas. This property has a fully-furnished, 1,550 square foot residence which will be used for management overnight stays, two mobile homes and two man camps with ten apartment units.
· The company has two owners:
· Owner A - 75%
· Owner B - 25%
· The owners of the business would like to sell with the expectation of a new strategic owner taking the company to the next level in terms of growth.
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