What is Precision Pressure Data?
Established in 1984, Precision Pressure Data, Inc. has evolved into a cornerstone of well remediation services, particularly within the Permian Basin. The company specializes in high-stakes technical operations, including slickline and braided line services, which are critical for maintaining well integrity and productivity. By providing essential bottom hole pressure surveys and gas lift diagnostics, the firm acts as a vital partner for both major and independent energy producers. Their commitment to integrating innovative technology into downhole operations allows them to deliver bespoke solutions that address the specific geological and mechanical challenges faced by their clients in the field.
How much funding has Precision Pressure Data raised?
Precision Pressure Data has raised a total of $711K across 2 funding rounds:
Debt
$350K
Debt
$361K
Debt (2020): $350K with participation from PPP
Debt (2021): $361K led by PPP
Key Investors in Precision Pressure Data
PPP
Public-Private Partnership
What's next for Precision Pressure Data?
With the recent influx of capital, Precision Pressure Data is well-positioned to scale its technological infrastructure and expand its service footprint. The company's trajectory suggests a focus on enhancing its proprietary diagnostic tools, which will likely improve the efficiency of its heavy-duty fishing and remediation operations. As the energy sector continues to prioritize data-driven decision-making, Precision Pressure Data is poised to leverage its deep domain expertise to capture additional market share. Future growth will likely be defined by the firm's ability to integrate advanced automation into its legacy service offerings, ensuring that it remains a preferred provider for operators seeking to optimize reservoir performance in an increasingly demanding regulatory and economic environment.
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