Western Oilfield Equipment
Western Oilfield Equipment is a proprietary drilling technology products company focused on increasing the safety and efficiency.
Business Model:
Revenue: $0
Employees: 11-50
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Detailed Western Oilfield Equipment Information
Geographic Data
Address:
City: Leduc
State: Alberta
Zip:
Country: Canada
Financial Info
Stage:
seed
Raised Last:
$1M
Raised Total:$1M
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Description
Western Oilfield Equipment is a proprietary drilling technology products company focused on increasing the safety and efficiency, reducing the cost and lowering the environmental impact of horizontal drilling. The company&s;s VAC SCREEN system uses negative pressure or vacuum to overcome the surface tension of the drilling fluid. This allows the cuttings to passively release the oil adsorbed to them which results in a significant reduction of 30-40% of oil in cuttings without any increase in Low Gravity Solid. The cycles are digitally recorded and recovery volumes are reported back at the end of each well.
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| Announced Date | Company | Transaction | Money Raised |
|---|
| Announced Date | Transaction | Number of Investors | Money Raised | Lead Investors | 5/2014 | Seed Round | 3 | $1.1M |
32 Degrees Capital EnerTech Capital Export Development Canada 32 Degrees Capital EnerTech Capital Export Development Canada |
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| Announced Date | Name | Price |
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