Founded in 2000, this frac tank rental company has been providing quality frac tank and related rentals in West Texas and New Mexico for over 22 years. Frac tanks, test tanks, gas busters, and flow pits are required on well sites whenever work is being done to a well in order to store any number of liquids being used to frac or stimulate the well. They also prevent liquids from touching/entering the ground in order to meet environment requirements. In addition, frac tanks are used to store produced water during any number of well interventions (90% of liquid produced from any well is salt water). Fresh/salt water and/or any number of chemicals are used for a well’s stimulation. Liquids are delivered to the well site and loaded into the tanks for well stimulation procedures. Produced water during a well intervention is loaded into tanks and subsequently loaded into transport trailers/vac trucks to be disposed of offsite. The Company has approximately 80 MSAs (difficult to get and represent barrier to entry) and serves an enormous customer base of over 80 different customers each year (65 different customers as of August 2022). Customers include oil and gas exploration and production companies, other frac tank rental companies, other oilfield service companies, midstream companies, general rental companies, and pipeline and construction contractors. The Company has no customer concentration, with the largest customer representing only 8% of total sales.