What is Old School Services?
Established in 2009, Old School Services operates as a specialized provider of coiled tubing and thru-tubing services, catering to the rigorous demands of the oil and gas industry. The company distinguishes itself through a comprehensive suite of machine shop services and a deep bench of experienced personnel capable of managing horizontal drillout operations. With a geographic reach spanning Texas, New Mexico, Oklahoma, Louisiana, Colorado, and Wyoming, the firm has become a vital partner for operators seeking to optimize production efficiency. Their business model is anchored in the dual pillars of safety and environmental stewardship, ensuring that technical innovation translates into tangible cost reductions and operational reliability for their diverse client base.
How much funding has Old School Services raised?
Old School Services has raised a total of $1M across 1 funding round:
Debt
$1M
Debt (2020): $1M with participation from PPP
Key Investors in Old School Services
PPP
Public-Private Partnership
What's next for Old School Services?
Looking ahead, the infusion of capital will likely be directed toward scaling the company's fleet of specialized equipment and enhancing its technological capabilities in horizontal drilling. As the energy sector continues to prioritize efficiency and safety, Old School Services is poised to leverage its established reputation to capture additional market share in high-growth shale regions. The strategic focus will remain on integrating advanced toolsets and maintaining the high-performance standards that have defined their operations since inception. By aligning their growth trajectory with the evolving needs of the energy market, the company is set to maintain its competitive edge and drive long-term value for its stakeholders.
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