Jordan Olson
Katy, TX (USA)
Role(s):
Founder/Owner/Principal
Diamondback Completion Services
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Startup
Location:
Katy
Industry:
Energy
Year Founded:
2018
Number Employees:
10-50 people
Business Stage:
Growth (not profitable)
Entity Type:
Limited Liability Company
Description:
To call it a startup would be greatly misrepresenting what we are. We are truly a turnkey business with work contracts in place, every detail small and large accounted for and ready to be executed, a marketing plan, and the top engineers in completion services ready to come aboard.
We already have contracts in place that will provide on average $1.655 million monthly gross revenue for 2019, and supply work for all 3 of our initial trucks as early as mid- January. We have not included any revenue from our exclusive contract with Schlumberger (page 5 of the Diamondback Presentation) which we anticipate will add $6 to $12 million annually to our gross revenue with a very large majority of that being net revenue.
We will listen to any terms that you are interesting in proposing. We are prepared to give you a larger proportion of equity to begin with an agreement that as we payoff the initial $2.5 million we gain back the equity and eventually have you paid back fully with portion of equity remaining for you as our thanks. If we carefully and strategically increase our growth and operations year one, we feel that we can have the entire $2.5 million paid back with interest and/or a large equity bonus.
This needs to happen quickly to honor our agreements already in place, but as you can see everything is in place except the $2.5 million needed to get us off the ground.
Please feel to call with any questions or thoughts that you may have.
Regards,
Jordan Olson