Flowco expanded its operational footprint in October 2024 with the acquisition of an oilfield services company located in Midland, Texas. This strategic move is designed to bolster the company's service capacity within a key producing region. The acquisition enhances Flowco's ability to serve its customer base in a critical geographic area.
This expansion aligns with Flowco's focus on the enduring, long-term phase of production optimization in the oil and gas industry. By strengthening its presence in Midland, Flowco aims to integrate more deeply into ongoing operations. The acquisition supports the company's commitment to providing essential services to its customers.
The addition of this oilfield services company contributes to Flowco's overall strategy of enhancing its capabilities and market reach. It allows the company to better support the absolute levels of oil and gas production in the United States. This move reinforces Flowco's position as a provider of non-discretionary operating expenditures for its customers.
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