Project Testing (S-Corp) is in the business of Hydrostatic Testing of oilfield tubing and casing at the well site. "Hydrotesting" is vital to the oilfield customers as it's the most effective as the last "stamp of approval" of pipe before going back into the well. The company 100% work-over related and there is ZERO tie to new drilling whatsoever, with oil prices of very little concern. In fact, pipe has to be tested for operators at $100 oil or $60 oil, as operators do not want corrosive pipe in their wells in any event. Further, in Kansas it is very cheap to drill. And production happens at very low levels compared to other regions given the refineries and infrastructure in place in our market. Founded over 40 years ago, the business has been a stable player in the "oil patch". Thus, Revenues have remained consistent over the years, i.e. 2010 Sales were higher than 2012 Sales. With 8 employees, 6 trucks with testing equipment and 3 crews, the business remains a mainstay for Kansas and Oklahoma E&P companies/operators. With close to 100 customers total, not one accounts for more than 10% of Sales. Rex Reinhardt at 314.304.3881. Asking price of $1,500,000.