Fannon Petroleum Services, Inc. — Federal Contractor Profile
FANNON PETROLEUM SERVICES, INC. Secures $62.5 Million in Federal Contracts
Contractor Overview
Total Contract Value: $62,524,292 ($62.5M)
Total Awards: 4
Company Profile
FANNON PETROLEUM SERVICES, INC. is a federal contractor with a significant presence in government spending, having secured a total of $62.5 million in contracts. The company specializes in providing petroleum services, which include drilling, well maintenance, and related support services. Given the lack of recent contracts and detailed information on specific government agencies, it is challenging to assess the company's current relationship with federal clients. However, the company's average contract size of $1,563,1073 suggests that it is involved in substantial projects, indicating a strong focus on large-scale operations. The absence of sole-source contracts and competitive wins indicates that the company may be relying on established relationships rather than actively competing for new contracts. This profile will explore the company's capabilities, contract patterns, and potential risks and benefits to taxpayers.
Specializations
- Drilling Services
- Well Maintenance
- Petroleum Exploration
- Hydraulic Fracturing
- Environmental Services
- Well Testing
- Completion Services
- Production Services
- Well Site Management
- Geological Consulting
Contractor Metrics
Average Contract Size: $0
Competitive Win Rate: 0% competitive, 0% sole-source
Agency Concentration: N/A
Growth Trajectory: N/A
Sole Source Rate: 0%
Recompete Rate: N/A
Competitive Position
FANNON PETROLEUM SERVICES, INC. appears to be a niche player in the petroleum services sector, relying on established relationships rather than actively competing for new contracts. The company's lack of competitive wins and sole-source contracts suggests that it may be a trusted partner for specific agencies, but it does not indicate a dominant market position or a broad range of capabilities.
Value to Taxpayers
Given the company's average contract size of $15,631,073, it is clear that FANNON PETROLEUM SERVICES, INC. is involved in significant projects. However, the absence of competitive contracts and detailed information on performance metrics makes it difficult to assess whether the company provides good value for taxpayer money. The company's focus on large-scale operations suggests that it may be well-positioned to deliver high-quality services, but more data on performance and cost-effectiveness is needed to make a definitive judgment.
Agency Relationships
The lack of specific agency clients and recent contracts makes it challenging to assess the company's relationship with federal agencies. However, the absence of competitive contracts suggests that FANNON PETROLEUM SERVICES, INC. may have strong, long-standing relationships with certain agencies, which could indicate a level of dependency. Without more information, it is difficult to determine if there are any concentration risks or if the company's client base is diversified.
Red Flags
- Lack of competitive contracts: The company has not won any competitive contracts, which could indicate a lack of competitive pressure and potential for cost escalation.
- No recent contracts: The absence of recent contracts suggests that the company may be facing challenges in securing new business, which could be a red flag for future stability.
- No sole-source rate data: The lack of information on sole-source contracts makes it difficult to assess the company's reliance on these types of awards, which could be a risk if the company is heavily dependent on them.
Green Flags
- Large average contract size: The company's average contract size of $15,631,073 suggests that it is involved in significant projects, which could indicate a strong track record and established relationships with federal agencies.
- Niche specialization: The company's focus on petroleum services, particularly drilling and well maintenance, suggests that it has developed specialized expertise in these areas, which could be a competitive advantage.
- No competitive win rate: The absence of competitive wins could indicate that the company is a trusted partner for specific agencies, which could be a positive indicator of its reliability and performance.
Key Contracts
FANNON PETROLEUM SERVICES, INC. has secured a total of $62.5 million in federal contracts, with an average contract size of $15,631,073. While the lack of specific contract details makes it difficult to assess the nature and scope of these projects, the company's focus on large-scale operations suggests that it is involved in significant petroleum services. The absence of competitive contracts and recent contracts indicates that the company may be relying on established relationships rather than actively competing for new business. This could be a positive indicator of its reliability and performance, but it also suggests that the company may be facing challenges in securing new contracts. The company's specialization in drilling, well maintenance, and related services indicates that it has developed a strong niche in the petroleum industry, which could be a competitive advantage.
Frequently Asked Questions
What does FANNON PETROLEUM SERVICES, INC. do for the federal government?
FANNON PETROLEUM SERVICES, INC. provides a range of petroleum services, including drilling, well maintenance, and related support services. The company's focus on large-scale operations suggests that it is involved in significant projects, such as well testing, completion services, and production services. Its specialization in these areas indicates that it has developed a strong niche in the petroleum industry, which could be a competitive advantage.
How much taxpayer money does FANNON PETROLEUM SERVICES, INC. receive?
FANNON PETROLEUM SERVICES, INC. has secured a total of $62.5 million in federal contracts, with an average contract size of $15,631,073. The company's focus on large-scale operations suggests that it is involved in significant projects, which could indicate a substantial investment of taxpayer money. However, the lack of recent contracts and detailed information on specific projects makes it difficult to assess the exact amount of taxpayer money involved.
Is FANNON PETROLEUM SERVICES, INC. good value for taxpayer money?
Given the company's average contract size of $15,631,073, it is clear that FANNON PETROLEUM SERVICES, INC. is involved in significant projects. However, the absence of competitive contracts and detailed information on performance metrics makes it difficult to assess whether the company provides good value for taxpayer money. The company's focus on large-scale operations suggests that it may be well-positioned to deliver high-quality services, but more data on performance and cost-effectiveness is needed to make a definitive judgment.
How does FANNON PETROLEUM SERVICES, INC. win its contracts?
FANNON PETROLEUM SERVICES, INC. has not won any competitive contracts, which could indicate a lack of competitive pressure and potential for cost escalation. The company's focus on established relationships rather than actively competing for new contracts suggests that it may be relying on long-standing partnerships with specific agencies. Without more information, it is difficult to determine the exact methods used to secure contracts.
What agencies use FANNON PETROLEUM SERVICES, INC. most?
The lack of specific agency clients and recent contracts makes it challenging to assess the company's relationship with federal agencies. However, the absence of competitive contracts suggests that FANNON PETROLEUM SERVICES, INC. may have strong, long-standing relationships with certain agencies, which could indicate a level of dependency. Without more information, it is difficult to determine which agencies rely most on the company and why.
What are the risks of relying on FANNON PETROLEUM SERVICES, INC.?
The lack of competitive contracts and recent contracts suggests that the company may be facing challenges in securing new business, which could be a risk for future stability. The absence of sole-source rate data makes it difficult to assess the company's reliance on these types of awards, which could be a risk if the company is heavily dependent on them. The company's focus on large-scale operations suggests that it may be well-positioned to deliver high-quality services, but more data on performance and cost-effectiveness is needed to make a definitive judgment.
How does FANNON PETROLEUM SERVICES, INC. compare to similar contractors?
FANNON PETROLEUM SERVICES, INC. appears to be a niche player in the petroleum services sector, relying on established relationships rather than actively competing for new contracts. The company's lack of competitive wins and sole-source contracts suggests that it may be a trusted partner for specific agencies, but it does not indicate a dominant market position or a broad range of capabilities. More data on performance, cost-effectiveness, and market share would be needed to make a comprehensive comparison with similar contractors in the sector.
Recent Federal Contracts
Fannon Petroleum Services, Inc. has 2 federal contracts on record. Below are the largest awards:
| Contract | Agency | Amount | Type |
|---|---|---|---|
| DoD's $31.2M Petroleum Contract with Fannon Petroleum Services Raises Questio... | Department of Defense | $31.2M | N/A |
| National Gallery of Art awards $30.1M contract for fuel, with a 729-day durat... | National Gallery of Art | $30.1K | N/A |