Note 1
– Basis of Presentation
Enservco Corporation (“ Enservco”) through its wholly owned subsidiaries (collectively referred to as the “Company”, “we” or “us”) provides various services to the domestic onshore oil and natural gas industry. These services include frac water heating (Completion and other services); and hot oiling and acidizing (Production services).
The accompanying condensed consolidated financial statements have been derived from the accoun ting records of Enservco Corporation, Heat Waves Hot Oil Service LLC (“Heat Waves”), Dillco Fluid Service, Inc. (“Dillco”), Heat Waves Water Management LLC (“HWWM”), and Adler Hot Oil Service, LLC ("Adler") (collectively, the “Company”) as of December 31, 2020
and 2019
and the results of operations for the years then ended.
The below table provides an overview of the Company 's current ownership hierarchy:
Name
State of
Formation
Ownership
Business
Heat Waves Hot Oil Service LLC
Colorado
100% by Enservco
Oil and natural gas well services, including logistics and stimulation.
Adler Hot Oil Service, LLC Delaware
100% by Enservco
Operations integrated into Heat Waves during 2019.
Heat Waves Water Management LLC
Colorado
100% by Enservco
Discontinued operations in 2019.
Dillco Fluid Service, Inc. Kansas
100% by Enservco
Discontinued operation in 2018.
HE Services LLC
Nevada
100% by Heat Waves
No active business operations. Owns construction equipment used by Heat Waves.
The accompanying consolidated financial statements were prepared in accordance with accounting principles generally accepted in the United States of America (“GAAP”). All significant inter-company balances and transactions have been eliminated in the accompanying consolidated financial statements.
Free historical financial statements for Enservco Corp.
See how revenue, income, cash flow, and balance sheet financials have changed over 50 quarters since 2012. Compare with ENSV stock chart to see long term trends.
Data imported from Enservco Corp SEC filings. Check original filings before making any investment decision.