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A construction and maintenance Company whose major revenue source is contracts for oil and gas pipelines, gathering lines, installation of surface production equipment, maintenance of pipelines and service facilities, hourly roustabout and welding projects for major oil companies. They are D.O.T. certified to do construction, maintenance and rig welding. Legislative and regulatory changes affecting pipeline construction and maintenance coupled with increasing consumer demand for natural gas create long-term prospects for strong, continued growth.
The Company currently operates primarily in the Permian basin region in New Mexico and Texas, where much buzz is occurring in many industry reports. For example, International Business Times recently published an article titled “Nearly $1 trillion worth of Oil found In Texas, largest deposit ever discovered in the United States. US Geological Survey (USGS) said that it assessed in Texas the largest oil deposit ever discovered in the country ”.
This is neither an offer to sell nor a solicitation to sell securities.
Near largest deposits of oil and gas reserves in U.S.
The facilities and land currently being used are owned by an affiliate of the Company. They are not contemplating selling the property as part of this transaction. The property can be leased, at market rates for a negotiable time period.
Sellers will remain for a reasonable transition period and sign a covenant not to compete
Financing depends upon other terms of offer
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