With locations in both West Texas and Southeast Texas, this oil and gas service support company specializes in real-time drilling performance and material analysis at rig sites for oil and gas drilling companies. The company’s primary service provides computer generated log reports detailing performance data on drilling effectiveness by analyzing formation characteristics of hydrocarbon content in rock cuttings and mud. Present at the rig-site, sensors placed on the drilling apparatuses allow for real-time detailed geochemical analysis at the borehole of the drilling effectiveness, and in the materials analysis of rock cuttings brought to the surface by the circulating drilling medium. They offer essential well bore analytical services; logging trailers manned 24 hours a day with 2-man crews. The trailers have calibration and gas detection equipment and create precise computer generated logs and reports using specific logging software. Falling into the $2.5M-$5M Price Range, the owners are willing to consider reasonable offers.

Established over 40 years, this business has a proven track record supported by its long established working relationship with many oil drilling companies over the years. With its niche range of services, the company’s marketing efforts focus on targeting oil exploration and drilling companies throughout Texas. Revenues have been increasing over the past five years. With a large customer base and solid reputation, the company continues to attract new customers while maintaining its reputation with existing ones. With management already in place, this company could be operated in a hands-on or absentee fashion, giving the owner the ability to enjoy a flexible schedule and as much control of business activities as desired.

The company operates from 2 locations, one in West Texas, and one in south Texas. Combined both locations have three buildings totaling 6,604 square feet of working space, with 2,960 square feet used for office space, and 3,644 square feet allocated to a work shop production area and storage. Both facilities are owned with option to lease or purchase.

Key employees will most likely stay on after the sale. The owners will remain for and extended transitioning if desired.

Posted Jun 28, 2016

Did you know that social networking is a great way to buy a business? Sign up now and we'll show you how.

By clicking "Sign Up" you confirm that you accept the Terms of Use and Privacy Policy, including cookie use.

Disclaimer: MergerNetwork has not independently verified any of the information in this listing and makes no warranty as to its accuracy or completeness.