Well-Established Oil and Gas Service Company - Workover Rigs
| Asking Price: | $7,750,000 |
| Gross Revenue: | $6,160,000 |
| FF&E: | $5,000,000 |
| Cash Flow: | $1,352,000 |
| EBITDA: | $1,352,000 |
Oil & Gas service company based in East Texas is available for acquisition. This business provides well workover services, which include maintenance and repair operations on existing wells. It focuses on maintaining and optimizing well production by performing critical tasks such as repairs and plugging services.
In addition to these services, the business is known for its commitment to safety and reliability in the highly demanding environment of oil and gas operations. Their team is experienced and able to tackle various challenges associated with well maintenance.
Through these services, this business helps oil and gas operators extend the life of their wells and improve production efficiency, making it a key service provider for the East Texas energy sector.
Location: East Texas
Asking Price: $7,750,000
Gross Revenue: $6,160,000
Cash Flow (SDE): $1,352,000
EBITDA: $1,352,000
FF&E (FMV of Equipment): $5,000,000
Strengths and Uniqueness of the Business
• Great Reputation
• Highly Dedicated & Experienced Employees
• Loyal Customer Base
Reason for Selling: The owner wishes to retire.
