What is Turn Right Tools?
Turn Right Tools specializes in advanced completion fluid technologies, offering a comprehensive suite of products including high-pressure shearing systems, enclosed chemical eduction devices, critical chemicals, and advanced filtration and mixing plant systems. The company is dedicated to enhancing operational efficiency and reducing costs for its clients within the upstream petroleum industry. Their commitment is underscored by a 24/7 available team focused on supporting technological advancements and process improvements at the wellsite.
How much funding has Turn Right Tools raised?
Turn Right Tools has raised a total of $865K across 2 funding rounds:
Debt
$350K
Debt
$515K
Debt (2020): $350K with participation from PPP
Debt (2021): $515K led by PPP
What's next for Turn Right Tools?
With the recent major strategic investment, Turn Right Tools is poised for significant expansion in its service offerings and market reach. The enterprise-level backing suggests a focus on scaling operations, further developing its innovative product lines, and potentially exploring new technological frontiers within the demanding oil and gas sector. This capital injection will likely enable the company to strengthen its position as a leader in completion fluid technologies and enhance its support for clients facing complex wellsite challenges.
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