In June 2024, Flowco MergeCo LLC was formed through the strategic combination of three established private entities: Estis Compression, Flogistix, and Flowco Production Solutions. This merger significantly scaled the company's operations and capabilities, creating a more comprehensive provider of production optimization and artificial lift solutions. Estis Compression served as the accounting predecessor for the newly formed entity.
The combined business now offers an array of well optimization capabilities across the entire production lifecycle. This integration aims to maximize production and uptime for customers while simultaneously minimizing fugitive vapor releases. The merger represents a significant step forward in improving oilfield technologies.
This foundational event positions Flowco squarely within the realm of its customers' non-discretionary operating expenditures, providing a business model inherently more stable than those tied to volatile capital budgets. The company's performance is fundamentally linked to the absolute levels of oil and gas production in the United States and the number of actively producing wells.
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