
GR Energy Services
Oil and gas completion and production solutions.
Date | Investors | Amount | Round |
---|---|---|---|
* | N/A | Growth Equity VC | |
Total Funding | 000k |
GR Energy Services is a solutions provider for the oil and gas industry, focusing on completions and production to lower operational risks and costs for its clients. Founded in 2013, the company is headquartered in Sugar Land, Texas, with additional locations in major U.S. basins. The leadership team includes President and CEO J. Wayne Richards and Chairman and Co-Founder Peter Goode.
The company offers a range of services and products, including cased-hole wireline logging, perforating technologies, and engineered completion designs. Their proprietary services feature the One2 Completion Solution, an integrated system that combines automated intervention and downhole technologies to enhance wellsite performance. The OneAI Intervention System serves as a central control hub for intervention operations, while the OnePHIRE Downhole Technologies are designed based on extensive field experience. The company also provides the PerfTactix 5-step program, which utilizes drilling, mud logging, and formation evaluation data to improve well stimulation and productivity.
GR Energy Services has a history of strategic developments, including an investment from private equity firm Pine Brook Partners in 2013. In March 2021, the company sold its Flex Flow business, which specialized in surface-mounted horizontal pumping systems, to NOW Inc. This move was part of a broader strategy to refine its focus on core completion and production solutions. The company operates with a commitment to Environmental, Social, and Governance (ESG) principles, aiming to align its core values with sustainability and community support.
Keywords: oilfield services, completion solutions, production solutions, wireline logging, perforating services, downhole technologies, well intervention, automated intervention, cased hole logging, energy services, well stimulation, formation evaluation, fluid management, artificial lift, operational risk reduction