No photo available
Nov 27, 2018 — Our Firm represents a seller (the “Client”) that seeks to sell its wireline and oilfield services business and all assets.
The Client is an oilfield service (OFS) company that provides wireline and other OFS services to oil and gas producers, exploration companies, drillers and other OFS providers involved in a wide range of energy activities. The original business was founded over 40 years ago and established itself as an OFS wireline leader in South Texas. Current Client owners acquired the business assets in late 2016 after the founder had discontinued operations and then the Client restarted the business.
The Client provides first quality wireline services using five (5) state of art trucks for wireline and slickline services at field locations to obtain downhole technical readings of the energy producing geologic formation. The Company holds master service agreements with over a dozen (12+) energy producer clients and also provides services to an additional twenty five energy clients. The Client also holds a substantial inventory of tools and equipment to meet client service needs. Further, the Client holds permits and licenses to operate explosive, neutron, gamma and radioactive AMBI 241 source units.
An integral part of the Client’s operating assets include four (4) wireline trucks and one (1) slickline truck that are loaded for infield services. The company has determined that these assets represent $1.2 million in current market value. In addition, there are five (5) pickup trucks, trailers, field equipment such as lubricators, along with a whole host of tools, parts and supplies. Total current value $2.5 million.
The Client partners seek to sell the assets and/or the business to a prospective buyer that is interested in the valued assets, client and vendor lists, trained professional employees and the established reputation and relationships held by the Company.
The Client capital partner seeks to divest and expand other business opportunities. The Client operating partner can/will remain with the business with key focus on commercial operations. The Client will consider an outright sale or other acquisition, on mutually beneficial terms. The Client has retained our Firm to assist with and advise on the sale/merger.
Please reach us for a CA-NCA to be executed and then followed by access to Dropbox.
More Deals Like This One
Jul 23, 2017 — For Sale: Commercial Saltwater Disposal Well Pecos County, Texas (23 miles West of Fort Stockton) Hwy I-10 frontage API# 42-371-39233 20,000 bbl/day capacity plus additional SWD permit for well #2 Injection formation = Delaware group (5,000'-7,500') Asking price = $4,000,000
Nov 2, 2017 — Proven industry CEO will take control of a well-established family owned company. CEO seeks a financial or value-added equity partner. This historically profitable group of companies has enjoyed many years of successful operations but had some cash flow issues in 2016. With the advice of the prospective...
May 29, 2018 — This established Wireline Company specializes in multiple services including: Pipe Recovery, Cased Hole, Well Logging, Wireline Services, Oil Well Plugging, Perforating and Well Completion Services. They don’t do any horizontal drilling work. They and their operators are very experienced in all aspects...
Dec 10, 2018 — This respected oilfield service company is not dependent on new drilling and is a proven leader in its market for over three decades. The company is focused on services required over the entire lifecycle of the well following initial production. A competitive market edge is maintained by the company...
Jan 7, 2019 — Drilling Contractor: Revenue $36,000,000+ Average annual EBITDA $8,000,000+ Zero debt on the company, all organic growth Oil & Gas drilling & trucking company for sale, operating in the Permian Basin for 30+ years. 14 Drilling Rigs Total + pipe & collars 23 heavy haul trucks & trailers...