This established well products fabrication company has been serving the Eastern Oklahoma market area for over 40 years and was recently acquired in July, 2022. With a reputation for quality production and meeting deadlines, the company has consistently exceeded customer expectations. Excellent opportunity for expanding current fabrication capabilities. Driven by increased demand from the oil & gas industry, the company is positioned for growth under more aggressive ownership and management.
The company's products are currently supplied directly to oil & gas exploration companies and supply houses. Due to COVID-19, oil & gas business downturn and lack of business oversight by current owners, sales decreased in 2024. The full capabilities and marketing of the product line have not been reached offering a potential buyer an opportunity to expand the company's market, as well as, introduce services to a wider range of clients. The current product can be easily assembled with parts and there is a major client list going back several decades historically.

Income Statement ($000)
Calendar Year 2022 2023 2024 2025

Revenue $511 $443 $220 $-
ODCF** $95 $(47) $39 $-

Recast Balance Sheet as of 12/31/2024
Current Assets $281,423 Current Liabilities $827
Fixed Assets $72,342 Long Term Liabilities
Other Assets $- Stockholder's Equity $352,938
Total Assets $353,765 Total Liab. & Equity $353,765