HBG Advisors represents oil & gas related companies, as well as manufacturing, service and distribution companies from other industries. Our proprietary system for marketing and selling business, VentureXchange, is unique to the industry, and it works! The proof is in the results - HBG has consistently been a top-rated firm in the country.
Noble County, OK
Project OK Services is an oilfield service company providing laydown machines, pipe racks, hot shot/trucking, forklifting, crane, and well site management. OK Services is located in Oklahoma. The ownership is open to a majority recapitalization of the business, or would consider a buyout. The company is able to protect on the downside of “new well completion” with its other services that are purely “work-over” and trucking. About 2/3 of Sales is derived from laydown unit/drilling service work while the balance is related to work-over and trucking. OK Services has grown to 17 employees, 7 laydown machines, 35 pipe racks, 20 pickup trucks, 4 semi-tractors, a crane truck, and several fork lifts. There IS customer concentration here, a major Gas producer. But the % has reduced year to year since 2012 nicely and the company continues to diversify. • Commodity Prices: The company is not as much tied to oil prices as gas prices given the customer base. The largest customer is a Natural Gas-focused E&P company, for example. We estimate 60% of Revenue to be tied to Gas while the balance Oil. • Market Channels: The company’s customers are E&P / operating companies. The company has MSAs with major E&P companies versus focusing on independent players, a “who’s who” of the Oklahoma (and national) Oil & Gas market. Their top customer is a leading Gas producer as are several other top customers, so, again, oil prices not as much as a driving force here. Further, given the customer base is comprised of majors, most of these companies are “well-hedged” through 2015 to weather price volatility.
Business listed by:
Unknown Broker Company
Get free alerts via email when new businesses are listed matching your Noble County Businesses search criteria.