Premier Oilfield Service Company


Premier Oilfield Service Company
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Asking Price: N/A

Cash Flow: N/A

Gross Revenue: $5,000,000

EBITDA: $500,000


Inventory: N/A

Established: N/A

Premier Oilfield Service Company

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Business Description

The Company is an oilfield service company specializing in plugging and abandonment, well servicing, and workover services. In 2018, management estimates the revenue mix was the following: Plugging and Abandonment (44%), Well Servicing (36%), Consulting (9%), Other Services: Roustabout, Cement Pumping, etc. (6%), and Salvage Sales (5%).

The Company primarily serves clients located in Texas. The Company operates from two facilities: 1) a 3,000 square foot main office; and 2) an approximately 20,000 square foot yard with a shop.

The Company has assembled a team of in-house project managers, regulatory support staff, and experienced and accomplished on-site personnel. The Company has the expertise to plan and direct all phases of a workover, well servicing, and well abandonment project and ensure the completion of all necessary regulatory paperwork requirements. Equally important, the Company has the financial resources to stand behind its work, as well as a comprehensive safety program.

Detailed Information

Strong Client Relationships: The Company has long-term relationships with several publicly traded companies. Relationships with these globally recognized and stable entities demonstrate the Company’s high-quality services and capabilities increasing industry recognition. Low Employee Turnover: The Company values its staff and their experience, and that treatment is reflected in the low employee turnover rate. The Company has several tenured employees that lend credence to the Company’s expertise and capabilities.
Growth & Expansion:
Strong Balance Sheet: The Company’s unadjusted current ratio was 1.7, above the industry average for companies of its size at 1.1. Proprietary Expertise: In addition to the principal’s extensive experience, the Company’s key employees also have significant industry expertise.
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Gary Milleson

Business Listed By:
Gary Milleson

Generational Equity, LLC

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Sponsoring Broker:
Lisa Lippe

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