Description of the business for sale
Located in the Midwest, the Company is an established 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. 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.
GROWTH: Diversified oilfield services combined with a favorable industry outlook and increased exploration activities position the Company well for growth within the Midwest.
ADDITIONAL FINANCIAL INFORMATION:
• Financing: Negotiable.
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Support / Training provided by seller
Ownership willing to assist in reasonable transition period.
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