What is Precision Pressure Data?
Precision Pressure Data, Inc. is a specialized provider of well remediation services, focusing on slickline and braided line operations. Since its inception in 1984, the company has been a critical partner for the oil and gas industry, particularly within the Permian Basin. Their comprehensive service portfolio includes essential tasks such as bottom hole pressure surveys and gas lift diagnostics, alongside heavy-duty fishing operations. Precision Pressure Data serves a diverse clientele, ranging from major oil corporations to independent producers, by equipping them with the necessary tools and expertise to acquire vital reservoir data. The company's commitment to innovative technology allows them to deliver tailored solutions for a variety of downhole challenges, enhancing operational efficiency and data accuracy for their clients.
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
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Precision Pressure Data?
The recent major strategic investment signals a period of significant growth and potential expansion for Precision Pressure Data. This influx of capital is likely to be directed towards enhancing technological capabilities, expanding service offerings, and potentially broadening its operational footprint within key oil-producing regions. As an established player with decades of experience, the company is well-positioned to leverage this new financing to solidify its market leadership and capitalize on emerging opportunities in well remediation and reservoir data acquisition. Future developments may include strategic partnerships or acquisitions aimed at further strengthening its competitive advantage in the dynamic energy sector.
See full Precision Pressure Data company page
