What is Backyard Environmental Solutions?
Backyard Environmental Solutions is a specialized provider of environmentally friendly waste management solutions tailored for oil and gas exploration projects. Operating primarily in the Mid-Continent and Permian regions, the company offers comprehensive services for the treatment and recycling of exploration and production (E&P) waste, including drill cuttings and drilling mud. Leveraging advanced thermal technology, Backyard Environmental Solutions operates two strategically positioned waste treatment facilities. Their innovative business model focuses on transforming waste streams into valuable products, such as mud diesel, positioning them as a leader in sustainable oilfield waste management and resource recovery.
How much funding has Backyard Environmental Solutions raised?
Backyard Environmental Solutions has raised a total of $2.3M across 2 funding rounds:
Debt
$1M
Debt
$1.3M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.3M led by PPP
What's next for Backyard Environmental Solutions?
The recent major strategic investment signals a new phase of growth and development for Backyard Environmental Solutions. This capital infusion is expected to bolster the company's capacity to expand its service offerings, enhance its technological capabilities, and potentially broaden its geographic reach within the oil and gas sector. The company's commitment to transforming waste into valuable resources aligns with increasing industry demand for sustainable practices, suggesting a strong trajectory for future expansion and market leadership in environmentally conscious waste management.
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