FloCap Injection Services, a Midland, Texas-based provider of specialty chemicals and capillary tubing services for oil and gas production companies, raised an undisclosed investment from Hastings Equity Partners.
The amount of the deal was not disclosed.
The company will use the funds to continue to expand operations.
Founded in 2014 and led by James Shrauner, president, FloCap is a provider of specialty chemicals and capillary tubing services to oil and gas production companies. Through its capillary division, the company applies production chemicals in a formation and supports gas lift applications, a growing production optimization methodology.