Oil and Gas ServicesVerified Seller
Well Servicing Business in Ector County, TX - $1.86M - $707K Annual Cash Flow
Ector County, Texas
Asking Price$1,859,400
Annual Revenue$3,727,029
EBITDA / Cash FlowUpon Request
Executive Overview
Discover a thriving well servicing business in Ector County, TX, offering a robust cash flow of $707,097 with an asking price of $1,859,400. This established company is renowned for its expertise in oil and gas well maintenance, providing exceptional service to small and mid-sized operators in the Permian Basin.
Key Investment Highlights
- •Recognized as a trusted provider of well maintenance services
- •Specializes in the repair and upkeep of operational wells
- •Operates four service rigs
- •Strong partnerships with independent operators
- •Experienced team of rig operators
Initially focusing on oil equipment leasing and tool rentals, the company strategically pivoted to well servicing, acquiring its first workover rig and expanding to four service rigs. This shift has allowed the business to develop strong relationships with small to mid-sized independent operators, ensuring each project is executed with precision and safety.
Operating from leased facilities, the business requires relocation by a new owner. Current owners are transitioning to new ventures but will provide a smooth 30-day handover, setting the stage for future growth and expansion. With additional investment, there is potential to increase the rig fleet and establish relationships with larger operators in the Permian Basin.