Geophysical data company serving the petroleum exploration industry
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Specialized geophysical service company with long standing client base and internet presence.
Over 50 years in business serving the gulf coast onshore exploration community.
Excellent track record for quality service and timely response to client needs.
Clean background and no litigation issues. No debt.
Over 50 years in business serving the gulf coast onshore exploration community.
Excellent track record for quality service and timely response to client needs.
Clean background and no litigation issues. No debt.
About the Business
- Years in Operation
- 52
- Currently Relocatable
- Yes
- Currently Home Based
- Yes
- Facilities & Assets
- The business sells data that is used for petroleum exploration in the U.S. gulf coast area.. It has a database of digitized sonic logs and well velocity surveys. These products are offered online and delivered to clients via email. No physical products or inventory are involved.
We also offer custom well log digitizing which we outsource to a third party.
The business would ideally be combined with a seismic data broker or geophysical consulting service and should be located in a major petroleum exploration community such as Houston. Dallas, Ft Worth or San Antonio.
The business is basically operated online but needs to have active marketing to build a client
base. The seller will be available to assist the buyer in that regard.
The owner has operated the business for over 50 years and has not been actively promoting the services recently.
The business is a Texas registered C Corporation and has a usable loss carry forward.
Buyer should have experience in geology or geophysics. - Market Outlook / Competition
- There is some competition but no dominate player. Personal contact with prospective clients is very effective as a marketing tool. Participation in professional society activities such as geophysical and geological organizations is a good path to meet and cultivate clients.
- Opportunities for Growth
- Business growth opportunities will increase as a result of energy resource prices improving. The business activity is directly impacted by the market price of natural gas and crude oil.
About the Sale
- Seller Motivation
- Age and other interests.
- Transition Support
- Seller expects to spend appropriate time to orient buyer to the practices and methods of the business. An extensive list of current and past clients will be provided to the buyer.
- Financing Options
- none
Listing Info
- ID
- 2514572
- Listing Views
- 48
Listing ID: 2514572 The information on this listing has been provided by either the seller or a business broker representing the seller. BizQuest has no interest or stake in the sale of this business and has not verified any of the information and assumes no responsibility for its accuracy, veracity, or completeness. See our full Terms of Use. Learn how to avoid scams.
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