What is MidCon Services?
MidCon Services, LLC is a seasoned oilfield services provider with over four decades of operational history. The company specializes in the critical task of collecting and transferring fluids from natural gas and crude oil fields across the Texas Panhandle, Western Oklahoma, Southwestern Kansas, and Southeastern Colorado. Its robust infrastructure includes five saltwater disposal wells and an extensive fleet of 70 bobtails and over 15 transports, capable of handling diverse tank capacities. Beyond fluid management, MidCon Services extends its expertise to oil and gas well plugging services, reaching depths of up to 10,000 feet, and offers supplementary services such as hot shot deliveries and frac tank rentals. The company prides itself on its professional team of Class A CDL and Hazmat rated drivers, ensuring compliant and dependable service delivery.
How much funding has MidCon Services raised?
MidCon Services has raised a total of $2.1M across 2 funding rounds:
Debt
$1M
Debt
$1.1M
Debt (2020): $1M with participation from PPP
Debt (2021): $1.1M led by PPP
Key Investors in MidCon Services
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for MidCon Services?
The recent major strategic investment signals a period of continued operational strength and potential expansion for MidCon Services. Given its extensive experience and established infrastructure, this capital infusion is likely to support the enhancement of its fluid collection and transfer capabilities, potentially increasing operational efficiency and service reach. The company's focus on core services like saltwater disposal and well plugging, combined with its fleet capacity, positions it to capitalize on ongoing energy production activities. Future developments may involve optimizing its disposal well network or expanding its transport fleet to meet growing regional demand, further solidifying its role as a key service provider in the oil and gas industry.
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