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ID: MV1989

Private Oilfield Service Company In Calgary

Canada

With over a century of combined professional experience, this is a proven leader in both remedial cementing and well servicing.

ID: MV1989

Register Interest
Revenue:
$11.7m
Profitability:
15.5%

Location

Calgary, AB.

Business Description

The company's professionals are well trained in safety protocol, and make it a top priority, from job planning and assessment through to completion. Teamwork, communication, and preparedness are built into the daily life, ensuring that this team fulfills its obligation to themselves, their clients, and the general public.

Remedial cementing, sometimes called orphan well decommissioning or abandonment, is an important part of the oil well life cycle, both legally and environmentally,.

The Well Servicing fleet includes 5 Mobile Freestanding Double service rigs and 7 Mobile Freestanding Single service rigs, with field offices located in Saskatchewan (Weyburn, Kindersley) and Alberta (Red Deer).

48 full time field staff
  • 9 crewed rigs

12 Total Service Rigs:
  • 4 Doubles
  • 8 Singles

Financial Summary

Financial Year: 2023
  • Revenue -  $11,713,874 
  • Gross Profit -  $1,823,559

- Fair market value of all the equipment is priced at $13M
Selling price: $7.5M

Investment Rationale

Through acquisition and growth, the business has accumulated a fleet of leading-edge service equipment, allowing them to handle its core services with confidence.


To enquire, you will need to complete our Investor Verification Process and sign a Buyer Consent Form.