MIS1510

Oilfield Services Provider in the Permian Basin

Southwest US
 

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

    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
       
       
       
      Year:

      2016

      Internal

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      2017

      Internal

      '000

      2018

      Internal

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      2018

      Internal

      '000

      Turnover17,62627,95826,25738,371
      Gross Profit:15,66224,77124,02035,079
      Adj. EBITDA *1892,3254,2446,334
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited