Opportunity to acquire two similar companies that work well together in the O&G industry with separate owners and facilities.
Wellsite Geology and Mudlogging organization for the onshore operators of Oil & Gas Operators in North America the company also provides advanced services including Mass Spec. XRF and XRD on site of the well locations. One of the only mudlogging companies that owns its own propriety mass spectrometer. Company provides full interpretation of the data to help clients drill and complete wells more successfully. Over the past 12 months, the company has built four mass spectrometers and purchased two new XTF machines. Company has small turnover in employees and customer sales.
Geosteering services the company offers to the Energy Industry is well placement guidance while Drilling Horizontally. Geosteering allows the comparison of properties emitting off of the currently drilled rocks to a known well’s rock. The company is a dominant worldwide supplier in the Geosteering Sector. The company takes pride in their staffing with high quality Geologists that have worked real time experiences. Additionally, the company maintains a high Client Retention with Customer repeats and call backs for the Geosteering services that the company offers.