Business For Sale Listing 156498
Oil Services Co in Alberta - Tremendous Growth
Status as of Jan-7-2009 at 05:59 PM: Active
Business Summary
Company provides gas and oil well production testing to the rapidly growing Western Canadian Oil Industry. Company has great management and highly experienced crew able to perform complex procedures, in addition to a modern fleet of equipment. There is a high sustainable demand for their services, especially due to the success of the Montney region.
High oil and gas prices have kept the market for drilling rigs strong as energy producers spend heavily to pull new resources out of the ground. The number of rigs searching for oil and gas onshore in North America rose by 11 percent in July from a year earlier to 2,276, according to data released by Baker Hughes.
Company is expanding into British Columbia due to its close proximity to this rapidly growing county.
Equipment
Equipment consists of a modern fleet capable of all testing related activities with six trailer mounted P-tanks, 60 foot flare stacks, and office trailers. Company utilizes Fecete sotware to give customers hourly production reports.
Customers
Largest Customer accounts for 25% of the companies revenues.
Due to their Strong Reputation with Customers and Experienced Personnel, Company has limited Competition within their area.
Categories
Industry
Location
Financials
| Sales: |
Between $2.5 Million And $5 Million ($2,648,108) |
| Profits: |
Between $1 Million and $2.5 Million ($1,417,859) |
| Profit Type: |
Earnings Before Interest, Taxes & Depreciation (EBITDA) |
| Fiscal Year: |
2007 |
| Asking Price: |
Between $5 Million and $7.5 Million |
