Well Established Oil & Gas Well Optimization & Service Provider using Specialized Equipment Outperform the Market in the US & Canada
Loyal & Skilled Workforce; Expansion Opportunities into the Eastern US Market; Revenues Exceeding $3.5MM for TTM
The Company is an oil and gas well optimization and service company based in Western Canada and has been in operation for over a decade, offering extensive mechanical slickline, wireline, swabbing and braided line fishing services. The Company serves Western Canada and has plans to expand in the Eastern US. In addition to its headquarters, the firm has strategically located facilities throughout the province, totaling 7,600 square feet.
Based on its extensive variety of equipment, added as market conditions demanded and unmatched by competitors, the Company is able to address a complete range of oil and gas well downhole maintenance and repair situations.
In a time when staffing is an issue for many companies, the Company has maintained its skilled workforce throughout varied market conditions, positioning the firm to handle a large influx of work. Key staff members have wireline experience dating back before the founding of the firm, including three managers with 15 years each.
Following a minor COVID-related dip in 2020, the Company’s Trailing Twelve Month (TTM) Revenue through October 2021 was $3.55 million, slightly higher than 2019’s $3.47 million figure.
The business is located within the patch of land that produces the overwhelming proportion (80%) of Canada’s oil. The Company is well prepared for current success and future growth across the US border.
This business is currently listed with an open bid.