FloCap Injection Services LLC
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FloCap Injection Services LLC - overview
Established
2014
Location
-, TX, US
Primary Industry
Chemicals
About
FloCap Injection Services LLC provides specialized completion and production services to the oil and gas industry, focusing on optimizing well production through innovative capillary methods and ancillary services. FloCap Injection Services LLC, founded in 2014 in Midland, US, specializes in oil and gas production services. The company underwent a significant strategic shift in October 2018, merging with Impact! Chemical Technologies, Inc.
and WadeCo Specialties, Inc. to form Imperative Chemical Partners, LLC. The founder's history and any previous ventures remain unspecified. FloCap Injection Services specializes in delivering comprehensive completion and production services tailored for the oil and gas sector.
The company's core offerings include a range of capillary services, downhole gauges, and coil tubing services, all designed to optimize well production and efficiency. Specifically, their capillary injection method facilitates downhole chemical delivery, which extends production intervals between workovers and addresses chemical treating issues in artificial lift wells. By employing stainless steel capillary tubing and providing ancillary services such as wellbore cleanout and chemical placement, FloCap effectively resolves inefficiencies commonly associated with standard chemical treatments. The company serves various geographical markets across North America, particularly focusing on major oil and gas basins beyond the Permian Basin, including those in regions such as the Eagle Ford and Bakken formations.
FloCap Injection Services generates revenue through direct business transactions with oil and gas operators and companies requiring completion and production support. The transaction structure is primarily B2B, where clients engage FloCap for bundled service offerings that simplify billing into a single vendor invoice, thereby enhancing operational efficiency and reducing costs. The firm’s revenue streams include fees for their capillary services, downhole gauges, and coil tubing services, which are billed based on specific service agreements and project scopes. While exact pricing plans for individual products or services are not disclosed, they typically encompass costs associated with chemical treatments, wellbore cleanouts, and specialized equipment rentals, reflecting the comprehensive nature of their service portfolio.
This structured approach maximizes well production for operators while fostering long-term partnerships within the industry. FloCap Injection Services aims to expand its offerings by developing new products and services tailored for upcoming market demands. The company is strategically targeting growth into additional North American regions, with plans to establish a presence in areas beyond its current focus by late 2023. The recent merger in October 2018 with Impact!
Chemical Technologies, Inc. and WadeCo Specialties, Inc. under the formation of Imperative Chemical Partners, LLC, positions FloCap to leverage combined resources and expertise for upcoming growth initiatives.
Current Investors
Imperative Chemical Partners, LLC
Primary Industry
Chemicals
Sub Industries
Commodity Chemicals
Website
www.flocap.com
Company Stage
Merged
Total Amount Raised
Subscriber access only
FloCap Injection Services LLC - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Merger | Completed | FloCap Injection Services LLC, Impact! Chemical Technologies, Inc., WadeCo Specialties, Inc. | - | ||||||||
| Buyout | Completed | FloCap Injection Services LLC | - |
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