Wellsite Rental Services, a Broussard, LA-based provider of oilfield rental equipment to customers in the oil & gas industry, received an equity investment of undisclosed amount.
NGP Energy Technology Partners and the Wellsite management participated in the round.
The company intends to use the funds to expand its footprint and product offering.
Founded by Kirby Arceneaux, and also led by Fred Fondren and Jessica Roger, initial investors, and Mark Johnson, President, Wellsite provides rental tubing & associated handling tools, specialty trailers, cooling and heating trailers, automated slips, variable bore rams and other equipment being designed to reduce drilling and completion costs.
It has additional facilities in Tulsa, OK and Victoria, TX.