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National Automation Services Acquires Position in the Growing US Energy Revolution

National Automation Services Acquires Position in the Growing US Energy Revolution

Written by ι Stock Market Media Group Staff — June 2, 2014

National Automation Services, Inc. (OTCQB: NASV) (“NAS, Inc.”) officially became part of a burgeoning domestic energy revolution when it acquired JD Field Services earlier this year.  This acquisition puts the company squarely in the middle of an industry that’s enjoying myriad growth and attention in the U.S.; it’s a boom that shows no signs of slowing any time soon.  NAS, Inc. has intimated that it plans to continue acquiring companies in the sector, and it’s these acquisitions in the oilfield services arena that should have the company ideally positioned for plenty of future success.

When NAS, Inc. landed JD Field Services, it immediately became an undervalued company in the sector given the new subsidiary’s three year historical average of $24,000,000 in gross revenues and net assets valued at around $7,500,000.  But, NAS, Inc. CEO Robert Chance clearly understands that getting his company into the industry sooner rather than later, can change that. 

“We are acquiring companies in this sector starting with oilfield service providers and eventually equipment leasing and servicing including water filtration and treatment equipment to treat the wastewater being produced by the fracking process.”

In its outlook report for 2014, the U.S. Energy Department said oil production is climbing to levels not seen since 1970, and production is projected to increase by an average of 800,000 barrels per day through 2016.

It’s not just oil either, gas exploration, and the hydro-frac business in the US are also on the rise, and industry experts expect spending to find and develop new production fields to reach $723 billion this year alone.

A new Wall Street Journal report this week asked if America’s fracking boom is being underestimated.  The report pointed to a new energy complex being built in Louisiana that has attracted South African state-oil company Sasol and its $21 billion investment into the 3,034-acre complex in what could be the largest foreign investment in U.S. history.

An investment in places like Louisiana with its infrastructure and access to ports to ship product globally makes sense given the existing pipelines and planned pipeline projects that will pull oil and gas out of production fields.  NAS, Inc.’s recent acquisition has it operating in the Rocky Mountain region and North Dakota shale play region for starters. 

With the billions of dollars being spent to find and develop new production fields, NAS, Inc.’s CEO isn’t underestimating the boom at all.  He and his team are wisely following the money and appear more than ready to service an industry that is exploding with energy right before our eyes.