Oilfield Services Provider in the Permian Basin
For Sale in Odessa, TX
Financial & Assets Details
About the Business
Business Description
This is an Odessa-based, oil and gas safety services and products provider. The company provides safety-specific services including: product sales, personnel, rental equipment, training, and professional technicians. They also have a comprehensive environmental solutions team that includes geologists and geoscience experts. It offers these services to every phase, from drilling to midstream. The company also provides roustabout services.
Key aspects
· Great reputation and strong relationships with clients
· Located in the Permian Basin
· About 200 employees
· Management estimates to hold 40-50% market share for oil and gas safety for the local market
· Skilled and licensed Geologists
· Wide array of specialized product offerings
Growth & Expansion
Opportunities
· Vacuum Truck and Water Services have a lot of growth potential due to high demand
· Trending increases in OSHA regulations and environmental standards factor into increases in safety products
Market Competition:
Current markets
· The majority of customers are oil and gas companies in West Texas and Southeast New Mexico.
Shareholder/owner objectives
· The owner is looking for an equity partner with a full exit in mind after 3-5 years.
Location Details:
Headquartered
· Odessa, Texas
Real estate
· The company owns one office building, leases two other offices, and leases multiple plots of land.