Profitable Oilfield Services Company  • Midwest US

Revenue: $14,580,000   •   Cash Flow : $3,181,000

Opportunity Under Signed Letter of Intent

Business Summary: Located in the Midwest, the Company is a veteran oilfield services company specializing in post-drill work on existing oil and gas wells.  Approximately 70% of the Company’s revenues are generated by well service, maintenance and trucking and disposal services.  Remaining revenues are gained via completion and stimulation services including lateral drilling.  The Company maintains a fleet of workover rigs that could be efficiently converted into drilling rigs if desired.
Potential Growth/Expansion: The Company is marked by a seasoned crew, excellent equipment, and an outstanding industry reputation. It is well poised to expand into “untapped” areas of the Midwest.