Business Description

This company specializes in oil and gas drilling services, with a focus on reaching depths of up to 14,000 ft using their four drilling rigs. In addition to drilling, they also offer rigging services, equipment hauling, and distribution of branded drill bits. Their operations are efficiently managed by a skilled team led by the owner who acts as the General Manager. The company targets oil and gas field properties in the northeast Midwest region, leading to revenue growth over the past few years, with total revenue reaching $20.74 million last year and strong sales projections for 2023. Operating from a 33,345-square foot property with four buildings on approximately 13 acres, this company offers a range of services from job preparation and equipment repair to warehouse space and office facilities. With a solid reputation, a large customer base, and 30 years of experience, the company has 93 dedicated personnel. The business model includes inventory and equipment in the asking price, presenting a cash-free, debt-free opportunity