The Internet's Largest Business for Sale Marketplace

The Wall Street Journal Online

Oil Roustabout and Production Work

Eastern, Montana

Mfg. - Miscellaneous Manufacturing | Retail - Miscellaneous Retail

Asking Price $1,800,000 Inventory $10,000** 
Gross Income 1,100,000 Real Estate $140,000* 
Cash Flow $290,000 Year Established 1982
FF&E $490,000* Employees 13

* included in the asking price

** not included in the asking price

Oilfield Roustabout and Production work in Northeast Montana and Northwest North Dakota, on the edge of the Bakken play which is about 90 miles south of us in Richland County MT. There has recently been a Bakken discovery in Divide County North Dakota about 40 miles east of the business. The well is in the working area at the present time. They are very active in the Dagmar and Coal ridge area. They have taken care of the consulting on the completion of new wells and construction of production facilities, day to day monitoring of production. Currently in the process of building 6 miles of pipe line for a Client for a salt water gathering system as well as handing all of their day to day operations. In the last year there have been 16 new wells drilled in the immediate area, 4 of which were in field where the companies had operational people in place, 1 was a dry hole, and 11 were consulted and completed by, facilities constructed and the day to day operations are handled by this company. Most of the wells in this area were drilled in the 70's and 80's and are 30 years old and older. This means that the maintenance on these older wells and their equipment is increasing. The well bores themselves also suffer from time. The Company has people in place with the knowledge and experience to consult and manage down hole well bore maintenance and work over operations. On a day to day basis there are lease operators that make the rounds and check the day to day operations and perform minor Maintenance and check production figures and report production on the 75 wells that are pumped every day. Visit our website to view other listings and information on area at www.bizinmt.com.

Facilities: Business office is located on main street of town, shop and equipment yard is located a few blocks away. Two locations provide all the needed space and facilities for the operation, employees, and meeting rooms for clients.

Competition: Little competition in the area with the possibility to purchase one other local competitor and place that work load in the business being sold.

Financing: SBA Available

Support/Training: Owner will provide a reasonable transition period for new owners. Also a Manager is available to run the field operations, current owner is available for consulting in an ongoing basis.

Reason Selling: Pursue other interests

Business listed by

John Suprock

406-880-3697


PCS Business Brokers


Contact the Seller

To inquire about this business for sale, click the Reply button below

Reply To This Ad

Recommended Resources

AD # 336475

The information in this listing has been provided by the business seller or representative stated above. BizBuySell has no stake in the sale of this business, has not independently verified any of the information about the business, and assumes no responsibility for its accuracy or completeness. Read BizBuySell's Terms & conditions before responding to any ad.

-- Advertisement --