Oil And Gas Drilling Company In Taylor County For Sale

Business description

This solid, consistently strong business is a full-service oil & gas contract drilling company, serving commercial customers within a 125-mile radius of their corporate office in the Southwest. Established in 1971, the company drills oil and gas wells on a per foot basis, with drilling depth ranges from 800 to 3,500 feet. Two drilling rigs owned by the Company are utilized and, currently, dozing, cementing, and water transportation services are outsourced. Customers are primarily privately owned oil and gas companies. With a solid business model in place yielding consistent growth and strong profitability year over year, this Company is well positioned for continued success. It has the capability to serve customers in a more expansive region, with abundant growth prospects already identified. Management, however, prefers to remain in close proximity to the corporate office and has limited its business activities to that area. Projected sales will be attractive to buyers wanting to establish a foothold or increase market share in the industry, or to buyers with existing background in this industry or a related field who can take advantage of the company’s name and customer base to diversify into other areas of the market while enjoying the excellent current and projected revenue stream.

Property information

Real Estate:

Lease

Size in square feet:

1,722 sq ft

Other information

Support & training:

Seller will assist with transition

Reasons for selling:

Retirement

Furniture / Fixtures value:

$900,000 (included in the asking price)