Transcontinental Energy Services

The oil and gas industry faces challenges in building successful startups due to a commoditized market, capital-intensive nature, and high competition. TCES addresses the challenges faced by startups in the oil and gas industry by providing innovative services and prioritizing long-term partnerships. With a proven track record of success, TCES has become a leading rig buyer and expanded its operations to the Permian Basin. They offer a comprehensive solution by focusing on customer satisfaction, embracing technological advancements, and aiming to expand their geographic footprint in the Middle East.

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Click here to view the episode transcript.

00:00 - Intro
02:45 - TCS Oilfield Service Business
03:57 - TCS Workover Rig Business
09:58 - Challenges in Building an Oilfield Service Company
11:02 - Developing an OFS Company
14:00 - Cash Flow Management in Business
18:18 - Starting a Business Without Capital
21:26 - Navigating the 2020 Downturn
24:47 - EnergyX Overview
28:10 - Honesty and Transparency in Business
30:26 - Importance of Company Culture
37:04 - TCS's 5-Year Goals
39:14 - Electrification of Workover Rigs
42:10 - Finding TCS Energy

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