Oilfield Electrification Contractor - Permian Basin
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Asking Price
$10,000,000
Detailed Information
Business Description
We are a specialized trade contractor based near the Permian Basin, focusing on oilfield electrification and automation services for top independent exploration and production companies. Our expertise includes constructing power lines, electrifying pumping units, installing electric motors, troubleshooting, automation, and sheave and hub belt services. As the Permian Basin remains the leading oil field in the US, accounting for a significant portion of oil and natural gas production, we are well-positioned to capitalize on the industry's evolution due to the shale revolution. With a long-standing presence of 47 years and a dedicated team of 60 skilled professionals, we have earned a reputation for our commitment to quality work, safety leadership, local accessibility, and financial stability. Our strong relationships with clients enable us to leverage future opportunities in the evolving oil and gas market. In response to industry changes and to drive profitability, we brought back a former employee as a manager in 2023. By the end of June 2024, our company achieved a total