VEN5075

Service Provider to the Oilfield Industry

Southwest US
 

The company provides services to the oilfield industry which include vacuum truck, flowback, hotshot, and pumping to upstream exploration and production customers. The company is strategically located in the Cline Shale Play, which is currently experiencing massive growth.

Key Aspects:

  • Over 140 years of combined experience in the oil field industry
  • Strategic industry relationships through high-quality and consistent, timely delivery of in-demand services
  • Diversified portfolio of service offerings
  • Strategic partnerships with Fortune 500 companies
  • In-house mechanic to cut costs and expedite repairs
  • Master Service Agreements with all clients guarantees recurring revenue

    Opportunities:

    • Synergistic and strategic oil and gas addition
    • Further capital investment in additional equipment to expand service offerings
    • Primed for expansion to serve other key oil production areas and other large oil and gas producers
       
       
       
      Year:

      2017

      Tax Rtns

      '000

      2018

      Tax Rtns

      '000

      2019

      Reviewed

      '000

      Turnover2,4463,7563,291
      Gross Profit:1,1687101,733
      Adj. EBITDA *6501,020853
      * Earnings before interest, tax and depreciation (non-cash item)
       
      Bids Invited