Pressure Testing Business with Oil & Water Hauling, servicing Saskatchewan, Alberta and Manitoba For Sale

Industry Overview

• Multi-service locally owned company, serving Manitoba, Alberta and Saskatchewan since 2003
• COR certification and is registered with Energy Safety Canada, ComplyWorks, ISNetworld and Avetta organizations.
• Alberta, Saskatchewan and Manitoba WCB accounts are in good standing with a discounted industry rate as a result of our safe work record.
• We carry five million in general commercial liability as well as automobile insurance.

Location

SW Saskatchewan

Business Description

Services include:

• Wellsite Abandonments - supplying equipment and personnel to perform the abandonment and clean up of old wells and equipment.
• Flushby Services - company currently utilizes three flushby units to cover any of your well servicing requirements.
• Pressure Testing Well Control Equipment on Drilling Rigs - company currently has six drilling rig BOP testing units available. Each unit carries assorted test cups for every common size of casing. Most units have computerized readouts that are printed on site or a flash drive left on site. We also perform Formation Integrity Tests where required.
• Pressure Testing Pipe Lines - company utilizes tandem and tri-axle pressure units with Gardner Denver 3×5 and 4×5 pumps to efficiently fill and test pipelines of any size and length. We also have the tandem, tri-axle and tanker trailer units for hauling water and / or methanol & water mix for filling the lines. All units and tanks are regularly inspected and fully certified.
• Oil & Water Hauling - company  has tandem, tridem, and tanker trailers for all of your fresh or produced water, methanol, and oil hauling needs. All units are regularly inspected and fully certified.

Six tractors and 7 triaxle tanker trailers.
Room for expansion.

• Small Vacuum Truck - company operates a one-ton three m3 vacuum truck for all of your small vacuum jobs. This unit can fit into small spaces where a larger vacuum truck cannot access.
• Chemical Batching Wells - company utilizes four units for chemical batching wells, or hauling chemical to various batteries and satellites. These units are four wheel drive so can operate in diverse weather conditions. The trucks and tanks are regularly inspected and fully certified. Operators are trained in proper chemical handling with WHIMS and TDG certifications.
• Methanol Sales & Rentals - company supplies meth/mix as well as pure methanol for pipeline testing in extreme cold temperatures.
• Blowing Frac Ports and Tubing Drains - company has a variety of equipment to blow fracking ports and tubing drains up to 35000 kPa.
• Inflating Packers for Downhole Tools - company can supply various units for the inflation of packers on downhole tools.
• New Well-Sets and Flowlines - company can supply testing units for new well-sets and flow lines prior to being put into production.
• Leak – Off Tests - company has computerized read-outs on the BOP pressure trucks for conducting Formation Integrity Tests prior to drilling a well.
  

Financial Summary

2022
$6,393,973 - sales revenue
$1,061,396 - net income

2023 - tracking above 2022.

List Price - $8m
(Includes $2.5m+ of assets & equipment)

Transaction Information

Company has 35 employees and Management Team in place. Selling partners may also be willing to stay on as partner of the transaction.