What is Venture Drilling Supply?
Venture Drilling Supply, LLC, established in 1983 in Tahlequah, Oklahoma, has evolved into a national leader in the sales, service, and supply of drilling equipment and consumables. The company boasts an outstanding reputation for dependability and customer care, leading to partnerships with premier drilling equipment manufacturers who designate Venture Drilling Supply as their "Factory Authorized Distributor." Notably, Venture Drilling Supply is the nation's largest distributor for Atlas Copco drill rig products. To address the growing demand for pre-owned equipment, the company launched UsedRigs.com, offering customers options for quality used drilling machinery, often sourced from equipment the company originally sold and serviced, ensuring a known history. The company also provides rental equipment options, including air compressors, air hose, cluster drills, large diameter air hammers, foundation drills, and drilling fluids, with full service and parts support for its rental fleet.
How much funding has Venture Drilling Supply raised?
Venture Drilling Supply has raised a total of $150K across 1 funding round:
Debt
$150K
Debt (2020): $150K with participation from PPP
What's next for Venture Drilling Supply?
The recent major strategic investment signals a period of accelerated development and potential expansion for Venture Drilling Supply. With its strong foundation as a leading distributor and service provider, particularly for Atlas Copco products, the company is well-positioned to leverage this capital. Future initiatives may focus on enhancing its rental fleet capabilities, expanding its geographic reach for sales and service, and further developing its UsedRigs.com platform to capture more of the used equipment market. This strategic financing is expected to bolster its competitive edge and support its long-term growth objectives within the dynamic drilling industry.
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