Invest in an oilfield services business with a unique technology that serves a rapidly developing segment of the energy industryThe Business
Founded in 2008, the Company operates a profitable and rapidly growing oil service technology business in Colorado. It primarily serves the oil and gas horizontal drilling and fracking market through the machining of various pipes, fitting, and other equipment for its customers. The Company has a unique pipe-threading technology and the demand for this product has been strong. The Company’s customers include Halliburton, Schlumberger and Frank Henry, among others.
The Company currently operates one machine shop and R&D facility at its headquarters located at Colorado. With the encouragement of customers (including orders in excess of $400,000), the Company plans to open a facility in North Dakota to service the booming oil and gas business in the Williston Basin, a large resource of oil shale.
Market
In recent years, due to rising oil prices, fracking technology has proven to be an economically feasible means to dramatically increase recoverable oil and gas from existing and known deposits.
Five individuals, who have collectively invested $1.2 million, own the Company. They are seeking to sell a minority share of the Company to a strategic or financial investor.
Sector: EnergySegment: Oil and Gas ServicesRegion: North AmericaFinancing Size: $1m to $5mContact: Alexander Aginsky
Company: Aginsky ConsultingTelephone: +1 503 546 4049Email: [email protected]