What is Precision Pressure Data?
Precision Pressure Data, Inc. is a specialized provider of well remediation services, focusing on slickline and braided line operations. Established in 1984 and operating primarily in the Permian Basin, the company offers a comprehensive suite of services essential for oil and gas producers. These include detailed bottom hole pressure surveys, gas lift diagnostics, and heavy-duty fishing operations. Precision Pressure Data serves both major and independent producers, equipping them with the crucial reservoir data needed for informed decision-making and operational efficiency. Their commitment to innovative technology allows them to deliver customized solutions for complex downhole challenges, solidifying their role as a key service provider in the energy industry.
How much funding has Precision Pressure Data raised?
Precision Pressure Data has raised a total of $711K across 2 funding rounds:
Debt
$350K
Debt
$361K
Debt (2020): $350K with participation from PPP
Debt (2021): $361K led by PPP
Key Investors in Precision Pressure Data
PPP
Public-Private Partnership
PPP
Public-Private Partnership
Undisclosed Investors
What's next for Precision Pressure Data?
The substantial enterprise-level capital infusion positions Precision Pressure Data for continued expansion and technological advancement. With a history of strategic debt financing, this recent major strategic investment likely signals a phase of accelerated growth, potentially involving the acquisition of new equipment, expansion into new service areas, or further penetration of the Permian Basin market. The company's focus on providing essential reservoir data and customized downhole solutions suggests that future investments will likely enhance their capabilities in data acquisition and analysis, further cementing their value proposition to oil and gas producers navigating complex operational environments.
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