What is Petroleum Experience?
Petroleum Experience, Inc., founded in 1978, is a specialized provider of engineered Well Site Supervision services, primarily serving operators in the Williston Basin and across the United States. With a proven track record of successfully drilling and completing thousands of wells for over 50 clients, the company offers a comprehensive suite of consultancy services. These include expertise in drilling, completion, and workover operations. Petroleum Experience places a strong emphasis on safety, implementing rigorous training and compliance measures to ensure operational integrity and client satisfaction. Their client base comprises major oil companies operating in key energy-producing states such as Montana, North Dakota, South Dakota, Wyoming, Texas, Ohio, Oklahoma, and Colorado.
How much funding has Petroleum Experience raised?
Petroleum Experience has raised a total of $4M across 2 funding rounds:
Debt
$2M
Debt
$2M
Debt (2020): $2M with participation from PPP
Debt (2021): $2M led by PPP
Key Investors in Petroleum Experience
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Petroleum Experience?
The recent major strategic investment suggests Petroleum Experience is poised for further expansion or enhancement of its operational capabilities. This capital infusion is likely to bolster its capacity to undertake complex drilling and completion projects, potentially allowing for the adoption of new technologies or the expansion into new geographical markets. Given its long history and established client relationships, the company is well-positioned to leverage this financing to solidify its market leadership and continue providing critical well site supervision services to the energy industry.
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