What is Running Horse?
Based in New Town, North Dakota, Running Horse, LLC operates as a premier provider of specialized oilfield services. The company maintains a diverse service portfolio that includes water hauling, construction, maintenance, workover rigs, and contract pumping. By focusing on the logistical and operational needs of the Bakken region, the firm has established itself as a reliable partner for energy producers. Their commitment to safety and operational excellence serves as a key differentiator in a highly competitive industrial landscape, ensuring that clients receive consistent support for their extraction and maintenance requirements.
How much funding has Running Horse raised?
Running Horse has raised a total of $2M across 2 funding rounds:
Debt
$1M
Debt
$1M
Debt (2020): $1M with participation from PPP
Debt (2021): $1M led by PPP
Key Investors in Running Horse
PPP
Public-Private Partnership
What's next for Running Horse?
With this latest capital injection, Running Horse, LLC is well-positioned to scale its service capabilities and enhance its fleet efficiency. The strategic deployment of these funds will likely focus on upgrading equipment, such as workover rigs, and expanding the company's logistical reach to meet the increasing demands of the Bakken oilfield. As the energy sector continues to prioritize operational reliability and safety, Running Horse is poised to leverage its strengthened balance sheet to capture additional market share and solidify its reputation as a cornerstone of North Dakota's energy infrastructure. Future growth will likely be driven by operational optimization and the continued integration of high-standard maintenance protocols.
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