What is Old School Services?
Old School Services LLC, founded in 2009, is a specialized provider of coiled tubing and thru tubing services. The company offers a comprehensive suite of tools and machine shop services, backed by experienced personnel committed to delivering outstanding service and quality equipment. Operating across Texas, New Mexico, Oklahoma, Louisiana, Colorado, and Wyoming, Old School Services has developed extensive expertise in horizontal drillout operations within various shale plays. Their operational philosophy prioritizes safety and environmental protection, aiming to provide innovative solutions that streamline client operations, enhance safety protocols, and reduce overall costs.
How much funding has Old School Services raised?
Old School Services has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
What's next for Old School Services?
The recent major strategic investment signals a pivotal growth phase for Old School Services. This backing is expected to fuel further expansion of their service offerings and geographic reach, potentially enabling the company to enhance its technological capabilities and operational efficiency. The enterprise-level capital infusion suggests a focus on scaling operations to meet increasing demand in key energy markets and solidifying its competitive position in the coiled tubing and thru tubing services sector.
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