What is Evolution Completions?
Evolution Completions, established in North Dakota's Bakken Oil Fields in November 2011, is a specialized provider of oil field completion services. The company distinguishes itself through its deep local expertise, with a team comprised of seasoned professionals who have grown up and worked in the Williston area oil fields for decades. Evolution Completions is committed to bringing a high level of 'service' back to the industry, focusing on identifying affordable, client-specific tools and systems, and offering on-site expertise to drive client success. Their service offerings include cased hole, composite, and thru tubing operations, as well as slickline services for wellbore equipment management. The company also provides consulting services to aid clients in project strategy development. Evolution Completions emphasizes building productive, accountable relationships with a long-term vision for client partnerships.
How much funding has Evolution Completions raised?
Evolution Completions has raised a total of $1.6M across 2 funding rounds:
Debt
$1M
Debt
$636K
Debt (2020): $1M with participation from PPP
Debt (2021): $636K led by PPP
Key Investors in Evolution Completions
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Evolution Completions?
The recent major strategic investment signals a pivotal phase for Evolution Completions, likely aimed at expanding its operational footprint, enhancing its technological capabilities, or increasing its service fleet to meet growing demand in the Bakken region and beyond. This capital infusion is expected to bolster the company's ability to provide comprehensive completion solutions, from wellbore equipment management to strategic project consulting. The company's focus on local talent and deep industry knowledge positions it for sustained growth and market leadership in the competitive oil field services landscape.
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