With over twenty years in business, this business for sale specializes in oil exploration.
Overview of this business for sale
The need of the gas conversion business for sale is to eliminate gas flaring through transformation to by-products in place. The benefit to workers: acceleration by more than fifty percent of oil production while reducing pollution.
The process of gas flaring has a detrimental effect to be solved:
There are 15,000 oil wells. They are using only twenty-five – thirty percent of their capacity as there is no accurate removal of gas. At the moment, mobile on-site units are able to remove up to thirty percent of liquid industrial by-products. It is a must for manufacturers to flare the gas in order to produce the oil.
The U.S. Environmental Protection Agency has restrictions on how much gas can be flared by producers and this restrains their productive capabilities by approximately 25 – 30 percent. For this reason, the manufacturers are interested in this kind of servicing and have shown their interest to members of the customer business who have been providing services for them for many years.
Reducing gas flaring through technologies for gas handling and processing:
Nowadays some oil exploration companies, operating in the place, have agreements about proving services with CryоLNG. They are enthusiastic about working with CryоLNG’s approaches for reducing all the substantial flaring by transforming them into byproducts (It is more than ninety percent of the flared gas). It is supposed that this service will assist these oil exploration businesses to achieve the complete capability of production of their oil wells, enlarging the volume of production to more than fifty percent. This company is delighted in getting CryoLNG’s technologies if there will be such an excellent opportunity.
Financial advantages:
By putting the gas, expected to be flared, through a prescribed procedure, the company will be capable of producing with these industrial facilities some products that are in demand in the marketplace. Bakken’s gas is transported to large gas-processing facilities where the natural gas (methane (fifty-nine percent) and some ethane (eighteen percent)) is separated from the various other gases. The other gases include propane (nine percent), butane (three percent), pentane, and small amounts of hexane and heptane and are called natural gas liquids (NGLs).
Revenue potential:
There are two cryogenic equipment facilities for sale. The capacity of each of them is equal to 50,000 gallons per day. It is a great profit-making business due to the settled gas price, and the reduced labor intensity.
It is required to submit an agreement of confidentiality as well as evidence of financing capability for delighted parties.
For more details about this exciting opportunity, please contact us.
Business Operation:
There is significant potential for expansion due to meeting a needed service by the oil and gas exploration businesses. There are over 20 employers, working there.
The reason for a sale: expansion of the business.
Other Information:
To ensure the successful transition period of the new owner, the current one is ready to give support and offer any training course.
There is a possibility of the relocation of the business.
