What is Metering & Testing Services?
Established in 1961, Metering & Testing Services, Inc. operates as a specialized provider of production well testing and rental equipment. The company maintains a robust footprint in the Permian Basin, offering a comprehensive suite of technical solutions including gas oil ratio testing, frac flow backs, and precision meter calibration. With a fleet exceeding 300 specialized assets, the firm distinguishes itself through a legacy of operational safety and environmental compliance. Its market position is defined by a commitment to high-efficiency service delivery, supporting operators in optimizing well performance while adhering to stringent industry health and safety standards.
How much funding has Metering & Testing Services raised?
Metering & Testing Services has raised a total of $350K across 1 funding round:
Debt
$350K
Debt (2020): $350K with participation from PPP
Key Investors in Metering & Testing Services
PPP
Public-Private Partnership
What's next for Metering & Testing Services?
With this late-stage capital injection, Metering & Testing Services is well-positioned to modernize its equipment fleet and expand its service footprint across key shale plays. The strategic allocation of these funds will likely focus on enhancing digital monitoring capabilities and scaling its rental inventory to meet the evolving needs of energy producers. As the industry shifts toward greater operational efficiency and environmental stewardship, the company is poised to leverage its deep technical expertise to capture additional market share, ensuring long-term sustainability and growth in a volatile commodity price environment.
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