Full-Service Industrial Prep, Oil & Gas Drilling Operations Company

EBITDA:

$2,260,000

Established Year:	1996

Listing ID: 2292421Listing provided by BizBuySell

BUSINESS DESCRIPTION

This full-service oil & gas drilling operations company, established over 25 years ago, offers a rare acquisition opportunity. Operating in a prime region for oil and gas, the company has earned a strong reputation for providing comprehensive services, including casing crew, cementing, hammer services, dirt construction, and hauling. With revenues of $16 million in 2023, the business is poised for continued growth in both the oil and gas sectors, as well as industrial projects.

The company stands out as a one-stop shop for drilling operations, managing projects from initial site preparation through completion. This seamless approach, paired with its long-standing client relationships, including major industrial and public utility companies, ensures repeat business and consistent revenue. With minimal competition in the region and a skilled workforce of over 100 employees, this business is well-equipped to maintain its leadership in the industry.

For more information, including full financials, a video Q&A with the owner, SWOT analysis and more, please visit the Business Webpage below to sign an electronic NDA and unlock the private details.

DETAILED INFORMATION

Inventory

Not Included in asking price

Real Estate

Owned

Facilities

Includes four buildings on 11 acres of land, which house the various divisions of the business. Each building is dedicated to a specific service, such as the drilling shop, cementing shop, and welding facilities. In addition to the real estate, the company’s fleet of specialized equipment is one of its most valuable assets. This includes eight haul trucks, three tandems, bulldozers, excavators, and various other heavy-duty machinery necessary for site preparation, transportation, and drilling services.

Competition

The business's ability to service both oil and gas and industrial sectors has provided it with added stability. The company has successfully expanded its services to include industrial disposal wells for chemical plants, as well as landfill leachate management. These non-oil-related projects offer consistent and reliable revenue, insulating the business from the typical volatility of the oil and gas market. As more industries focus on environmental compliance and cost-effective disposal solutions, the demand for these services is expected to grow.

Growth & Expansion

The company’s dominant position in its local market could be replicated in other regions with active oil and gas exploration or industrial projects. Expanding into states with conventional oil fields offers opportunities for new contracts and substantial revenue growth, leveraging the company’s reputation and expertise. By adding service rigs, the company can offer well completion and maintenance services, capturing more of the value chain after drilling.

Support & Training

The current owner is preparing for retirement but is committed to ensuring a smooth transition. The company’s experienced management team and long-term employees are expected to remain, providing continuity for operations. The owner is open to working with the buyer to facilitate a seamless transition, maintaining key client and vendor relationships.

Reason for Selling

Owner pursuing retirement.

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