This is a full-service oilfield cementing and acidizing company serving the Permian Basin. All newly drilled oil & gas wells require cementing. This company provides full-service cement services for new well completions, repair (squeeze) work, and well plug & abandonment. They perform hundreds of cement jobs every month.
All production wells build up paraffin and related over time that block the flow of oil and gas wells and require acid treatments on a recurring schedule to remove these natural forming blockages and return wells to higher, more normal rates of liquid and gas flow, making acidizing also a critical service in the oilfield. Both Cement and Acid are highly specialized services requiring significant investment in complex equipment (original cost value of $18.5 million) combined with the expertise of specialty trained and experienced engineers in order to effectively deliver quality solutions and service to customers in a timely fashion. Management team has 200+ years’ experience. The customer base has approximately 200 MSAs in place with the largest customer only 12.5% of total sales.