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Onshore Drilling Company
Location Louisiana,United States
Asking Price Range $20.0M - $35.0M
Gross Revenues $27400000
Net Profit / Cash Flow $4320000
Cash Flow Type EBITDA
Seller Finance Not Disclosed
Year Established 2003
Number of Employees 50 - 99
Inventory 10400000
Relocatable No
Number of Employees 50 - 99
Real Estate Owned
Training Available.
Reason for Sale Retirement.
Description Very well established onshore, contract drilling company has a large base of loyal repeat customers that are very pleased with the companyys expertise, proficiency, and service levels. Company provides turnkey and day work services for drilling, completion, and workovers of oil, gas, and injection wells. Most of their work is done in the oil patch. Major services include vertical wells to 14,000 feet, directed holes to 13,000 feet, disposal wells, re-entries, abandonment, front-end engineering, and project management. There are numerous growth opportunities. These are additional services that could be provided to the existing customer base. Company has an excellent strategic location in the heart of the oil patch in South Louisiana.
This is a very financially stable company with consistent, quality sales volume and cash flow. Company has a strong reputation in the oil patch for safety, environmental protection, productivity, and competitive pricing. Company has a large, stable workforce of highly trained, skilled workers that are the envy of the industry. Real estate used by the company is owned by the company principals. They are open to negotiations to acquire it by suitors of the business. All company machinery and equipment is exceptionally well maintained. It is in excellent working condition.
If new owners so desire, the selling principals are willing to stay on and run the business operations. This is an exceptionally well run company, precisely positioned in the industry. It will make an excellent acquisition for a strong player in the oil patch.
Also available for sale is a large contract directional company that does on and offshore work internationally. Both companies are currently available for sale. Please contact us for an offering memorandum on either or both of these companies.
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