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 more than 4,000 engagements across all 50 states and internationally, evaluating over $40.2 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. More than 4,000 feasibility studies completed across all 50 states and internationally, evaluating $40.2 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, $40.2 billion in evaluated project value. Standard delivery in 10 to 15 business days. Fiduciary duty to the lender and agency.