VEN2411

Oilfield Water Solutions Provider in the Permian Basin

Southwest US
 

The company provides vacuum truck and pump truck services to oil and gas drilling companies in the Permian Basin. Services include the transportation of frack water and the disposal of produced water from drill sites.

Key Aspects:

  • Services well-known oil and gas companies in the Permian Basin
  • The company is currently experiencing explosive growth
  • About 15 W2 employees and 45 1099 employees
  • Has Master Service Agreements with all clients
  • Has long-term customer relationships with major companies
  • Over 60 trucks in the operating fleet
  • Strong dedication and focus on the individual needs of the customer with a commitment to excellence
  • Water transportation and disposal is core part of the business
  • Highly adaptable to the market and customers' needs

    Opportunities:

    • Spending on water management in the oil and gas industry is forecasted to nearly double in the next five years (Bloomberg)
    • Rebound of oil and gas industry
    • Further expand operations geographically into other areas of West Texas and into New Mexico
    • Huge potential for scalable growth
       
       
       
      Year:

      2015

      Internal

      '000

      2016

      Internal

      '000

      2017

      Internal

      '000

      2018

      Internal

      '000

      Turnover3,9992,5896,49420,649
      Gross Profit:2,3731,5172,8007,138
      Adj. EBITDA *1411,3014,094
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited