An independent Oilfield Services Feasibility Study evaluating a multi-basin oilfield well-servicing expansion in Troy, Michigan.
TROY, Michigan — Wert-Berater, Inc., an independent feasibility study consulting firm serving lenders and government agencies since 1998, has completed a Oilfield Services Feasibility Study in Troy, Michigan.
Wert-Berater served as independent feasibility consultant to the lender and USDA Rural Development. Party names are withheld consistent with the confidential nature of underwriting and capital-advisory work; figures represent the project as evaluated at the study date.
Expansion financing for an established oilfield well-servicing company — founded 2012, more than 150 field personnel — operating across five major U.S. producing basins: Permian, Williston, Eagle Ford, Appalachian, and Haynesville. The expansion is anchored by two long-term master service agreements with a supermajor and a large-cap independent producer, representing approximately $60 million in contracted revenue over sixty months and more than 65 percent of projected revenue through 2030. Company revenue grew roughly 200 percent in the twenty-four months preceding the study.
Fleet and equipment expansion to service contracted multi-basin demand under a USDA Business & Industry guaranteed structure — an operating-company credit underwritten on contract quality and coverage durability rather than real-estate collateral.
Project IRR of 22.4 percent; NPV of $41.3 million at a 12.5 percent weighted average cost of capital; payback in 2.6 years. Ten-year debt-service coverage averages 3.19x with a minimum of 2.48x and a Year 6 peak of 4.28x — no non-coverage periods in any projection year.
Oilfield services is a cyclical, commodity-exposed sector, and the study treated that exposure as the central underwriting question rather than an inconvenience. The analysis rested coverage on contracted rather than speculative revenue — the two master service agreements were evaluated for counterparty quality, term, and concentration, with the offsetting concentration risk stated plainly: contracts representing 65 percent or more of revenue are both the credit's strength and its single largest dependency. Monte Carlo simulation demonstrated a greater-than-85-percent probability of maintaining DSCR above 1.25x across commodity-cycle scenarios, and the rapid 200-percent revenue growth was stress-examined for operational scalability rather than extrapolated forward uncritically.
Wert-Berater, Inc. is an independent feasibility study consulting firm founded in 1998, providing lender- and agency-facing feasibility studies, highest-and-best-use analyses, and capital-advisory support. The firm has completed 4,000+ engagements across all 50 states and internationally, evaluating over $41.2 billion in project value for SBA, USDA, EB-5, conventional, and institutional financing decisions. In every engagement, fiduciary duty runs to the lender and the applicable agency.
Media contact: Donald Safranek, MSc, President, Wert-Berater, Inc. — +1 310-857-2443 ext. 800. Press inquiries only; client, lender, and property identities remain confidential.
President, Wert-Berater, Inc. — independent feasibility study consultants since 1998. 4,000+ engagements completed across all 50 states and internationally, evaluating $41.2 billion in project value for SBA, USDA, EB-5, conventional, and institutional financing decisions. Fiduciary duty runs to the lender and agency in every engagement.
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Schedule a ConversationIndependent feasibility studies since 1998 — 4,000+ engagements, $41.2 billion in evaluated project value. Standard delivery in 10 to 15 business days. Fiduciary duty to the lender and agency.
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Wert-Berater, Inc. is an independent provider of feasibility studies and other related services. The firm does not provide financing or equity investment advice, and does not arrange, broker, or place debt or equity capital of any kind.
All appraisal assignments are performed by Bruce E. Jones, MAI, ASA-GC, BCA, CMEA, a member of the Appraisal Institute since 2006, a staff member of Wert-Berater, Inc. and owner of Special Purpose Realty Valuation.