West Texas Oilfield Trucking Company (17581)

Financial & Assets Details

About the Business

Business Description

The company is a well-known and profitable oil and gas service company operates in West Texas. The primary services consist of general oilfield hauling services, flatbed trucking and equipment hauling, hot shot quick hauling, forklift services, and heavy hauling services. The company-owned location consists of over 1,500 square feet of office and shop space to maintain equipment, and train team members in addition to 13 acres to be used as needed. They are well-known in the industry for providing quality services with an on-time guarantee. Since its inception, the company has grown with the majority of its revenues from repeat business and strategic capitalization in its geographic market. The company’s customer base includes many nationwide accounts, as well as accounts throughout the Southwestern United States. The current ownership previously sold the business in 2013, and re-acquired the business in 2015, and have continued its growth trend since that time. In 2020 the COVID related economic lockdowns had a materially adverse effect on the oilfield community and the revenue of the company. While the lockdowns are being ended, the continued confusion surrounding the energy policies of the Biden Administration have had a damping effect on the company’s revenues and profitability. The ownership believes that its quality reputation, service, operational capabilities will contribute to the company’s continued success.

Seller Financing

Financing can be negotiable for the appropriate buyer.

Location Details:

Real Estate comes included within the Asking Price.

Support & Training

Owner Transition period as needed.

Reason for Selling:

Approaching retirement and/or perusing other interests.