Business Overview:
The Company’s wire-line service units are manned by trained, experienced crews operating state-of-the-art digital surface and subsurface equipment. Experienced mechanical and electronic technicians support field crews and equipment out of its fully equipped maintenance facility. The Company offers well maintenance hoist units, cables, and tools to provide a complete line of cased hole services.
Financials Prepared Monthly by outside CPA; Cash Basis Accounting, Aggressive expense policy
For more information regarding this listing please contact us by completing the "Contact the Seller" form to the left. We look forward to hearing from you.
Property Features and Assets:
WIRELINE LOGGING
•Collar Log
•Cement Bond Log
•Gamma Ray Log
•Dual Receiver Bond
•Gamma Ray / Density / Neutron (Cased Hole)
•Shoot-Thru Gamma-Ray 111/16"-31/8"
•Gamma Ray Neutron Log
•Temperature Log
PERFORATING
•Sizes 1 3/8" through 6"
•Magnetic Orienting
•Expendable Guns
•Casing Guns
•Circulation Guns
•Retrievable Tubing Guns
•Hi-Density Perforating
6 to 12 Shots Per Foot
•Retrievable-Expendable Guns
PIPE RECOVERY
•Freepoint Tools
•Radial Cutting Torch
•Tubing Cutters
•Chemical Cutters
•Casing Cutters
•Back-Off
PLUG AND PACKER
•Bridge Plugs
•Magna Range Plugs
•Packer Setting Service
•Cement Retainer Setting
•Junk Catcher Service
•Dump Bailers
•Vented and Non-Vented Plugs
HIGH PRESSURE
•5,000# psi - 15,000# psi equipment
•Crane Truck Availability
HIGH TEMPERATURE LOGGING AND PERFORATING
•Tools Rated to 400 Degree
Market Competition and Expansion:
Well positioned service provider;
--Excellent long-term relationships with customer base; 90% rate of repeat business annually.
--Strategic planning and development will enable K&N to expand its service offering for existing customers as well as provide access to a new class of customers.
--Increased cross marketing capabilities are available across an ever-expanding client base.
--Experienced management team with deep industry relationships.
--Management has over 75 years combined experience in oil field service and is respected by both customers and industry observers.
--The Company’s principal remains actively involved in day-to-day customer interaction.
--Minimal employee attrition.
Reason for Selling:
Retiring
Additional Details:
- The property is owned.
- The owner is willing to train/assist the new owner.
- This is not a homebased business opportunity.
- This is not a franchise resale opportunity.
- This is not a distressed business or bankruptcy situation.
Resources: