Executive Summary: STW Construction
STW Oilfield Construction, LLC is a joint venture between STW Resources Holding Corp. (51%), Black Pearl Energy, LLC (49%). STW Oilfield Construction has assumed the operations of the former Black Wolf Resources; through this transition, STW has maintained employee and customer integrity and expects little to no interruption of business and a seamless transition for employees.
Our construction services include site work and environmental remediation for exploration and production of oil and natural gas projects. STW Oilfield Construction provides pad/land clearing, excavating/grading, frac pond construction including liners and evaporation covers, along with road-way and pad construction for exploration and production of oil fields. We also provide environmental remediation for oil field locations, frac ponds, reserve pits, tank batteries, and oil based cuttings.
Current customers include Apache, Devon, Cimarex, Concho, WT Offshore, Crossfoot, and Enervest while we are currently bidding on jobs with Pioneer, Shell, Oxy, BHP, RSP Permian, Fasken, Anadarko, and others.
STW Oilfield Construction provides complementary services to customers of STW Resources Holding Corp.’s core business lines, creating a “one stop” oilfield services company.
Growth and Additional Revenue Sources:
STW is positioned for immediate growth, through the long-standing relationships with Oil and Gas Producers as well as equipment operators; STW is poised to add additional crews, which increases margins through efficiencies and volume. A major operator has already commented that he can keep two sets of crews busy. We also have skilled personnel reaching out to us for employment opportunities, where they are treated as valuable personnel and not as an asset.
Our field supervisors each have 15+ years of experience in oilfield and drill site construction; our crews are hand-picked, with at least 10 years relevant experience. STW has created a work environment that fosters employee loyalty by providing benefits including health insurance, workers compensation, paid time off and a profit sharing program.
Health and Safety:
At STW, Health and Safety (H&S) are company imperatives that start with absolute commitment at the top management level, and permeate every facet of the organization. Our commitment to our employees and our clients is to provide a safe work environment that is free of recognizable hazards, and to conduct safe and environmentally responsible operations.
The Salesman/Supervisor will be the point of contact for the oil and gas operator’s field supervisor, who is responsible for the assignment of the work and the signing of the field ticket upon completion of the job. The field ticket will consist of the bid work and the hourly work at previously agreed rates. Field tickets are signed in duplicate (carbon copy) with copies for the operator and service provider. The signed field ticket is then submitted to the operator’s accounts payable department for payment. Payments will be made typically in 45-60 days.
About STW Resources Holding Corp. Services
Oil & Gas Industry: Reclamation of produced and/or flowback water. Removal systems for contaminants in source waters. Owner-operator model with per-barrel charge revenue stream.
Brackish Water Facility: Process brackish water to specifications necessary for use in the well drilling and completion processes. Owner-operator model with per-barrel charge
Integrated Systems: Consultation on the design and construction of water reclamation systems and ancillary equipment. One-time sales fee model, recurring revenue stream based on contract.
Municipalities: Consultation and Build-out of large-scale desalination projects, including well development of on-site brackish water sources and evaporation ponds. Recurring fee-based revenue stream.
Salt Water Disposal and Fresh Water Facilities: Implementation of disposal site processes and technologies to reclaim produced/flow back water and/or brackish water for reuse. Partnering model for disposal and reclamation with per-barrel rates for both disposal and reclamation.
Rig Wash: Removal of oil and diesel residue on drilling rigs prior to transit over private and public roads and highways. The process has multiple revenue sources, including the rig cleaning, roll-off trailer rentals, and transportation of wash-off to a designated facility. The company will realize revenues from cleaning drilling rigs to meet environmental regulations for transportation over private and public roads and highways.