What is Geologic Exploration?
Founded in 1990 and headquartered in Statesville, NC, Geologic Exploration, Inc. (GEX) is a specialized provider of environmental drilling and injection services. The company boasts a modern fleet of versatile drilling rigs, adept at handling a wide array of projects including environmental well drilling, geotechnical drilling, and specialized injection services. GEX has a proven track record, having successfully completed over 14,000 projects across the southeastern United States, demonstrating a strong commitment to safety, quality, and client satisfaction. Their expertise extends to challenging environments, utilizing limited access air drilling and small footprint, track-mounted drills.
How much funding has Geologic Exploration raised?
Geologic Exploration has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
What's next for Geologic Exploration?
The recent major strategic investment signals a pivotal moment for Geologic Exploration, likely enabling further expansion of its operational capabilities and market reach. As a company with substantial total funding of $350K, this capital infusion is expected to fuel strategic initiatives, potentially including fleet modernization, technological advancements in drilling techniques, and geographic expansion. This late-stage funding suggests a focus on scaling operations and solidifying its position as a leader in the environmental and geotechnical drilling sector.
