What is Metering & Testing Services?
Metering & Testing Services, Inc., established in 1961, is a family-owned entity specializing in production well testing and rental equipment for the oil and gas industry, with a strong operational focus in the Permian Basin. The company provides a comprehensive suite of services, including gas oil ratio tests, frac flow backs, and meter calibration, supported by an extensive fleet of over 300 pieces of specialized equipment. Metering & Testing Services is recognized for its dedication to customer service and safety, ensuring operational efficiency for its clientele. Their deep-rooted industry experience, coupled with robust health, safety, and environmental policies, underpins their high-quality service delivery.
How much funding has Metering & Testing Services raised?
Metering & Testing Services has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Metering & Testing Services
PPP
Public-Private Partnership
What's next for Metering & Testing Services?
The recent strategic investment signals a phase of accelerated growth and potential market consolidation for Metering & Testing Services. As a large-scale, late-stage company, this backing is likely to fuel further technological advancements in their testing and rental equipment, enhance their operational capacity, and potentially expand their geographic reach within key oil and gas producing regions. The company's established history and commitment to safety suggest a strategic focus on leveraging this capital to solidify its market leadership and explore new service offerings.
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