SOURCE: Precision Frac

January 29, 2015 17:14 ET

Forbes Magazine Ranks Precision Frac #4

Midland-Based Frac Supply Company Included on America's Most Promising Companies of 2015

MIDLAND, TX--(Marketwired - Jan 29, 2015) - Precision Frac, innovators in the oil & gas industry with their water transfer supplies, was ranked #4 by Forbes Magazine on their annual list America's Most Promising Companies. The 2015 list was recently released and included 100 companies. The same day, a separate list outlining their Top 20 Companies was also released.

Jared Davis, CEO, commented, "We're honored to be included on Forbes' Most Promising Companies list. We feel such a prestigious recognition by an incredibly powerful and well-respected magazine reinforces what we're doing as a company and in the oil and gas industry. Our ultimate goal is to help revolutionize the oil field so it can become safer, greener, and more efficient. We've only been around since 2013, and have already made unbelievable accomplishments. We will continue moving forward with a vigilant consideration for our customers and the petroleum industry."

According to Forbes, "Companies on the list are all private and generating under $300 million annually. Revenue growth plays a big part in choosing the ranking for America's Most Promising, but that's not all we take into account. We pay attention to growth rates, growth in employee numbers, how long companies have been doing what it is they do, operating margins, capital raised, product ideas, management and other factors."

Precision Frac provides the hydrofracturing industry with products and services precision-engineered and purpose-built to achieve breakthrough project site performance. Founded in July 2013 with headquarters in Midland, Texas, Precision Frac is the industry leader in fully integrated layflat water transfer hose systems designed expressly for oil and gas fracking applications. The company was formed by a group of entrepreneurs who saw a need to combine do-what-it-takes customer service with the highest quality products for their clients and the marketplace as a whole. The end-to-end strength, integrated design, and quality of Precision Frac products reduce set up time, unnecessary labor costs, and risk to the environment while at the same time maximizing worker safety and productivity. At the top of the hydrofracturing technology curve, Precision Frac is constantly seeking out ways to advance the hydrofracturing industry and exceed customer expectations one client at a time. For more information, visit their website at www.precisionfrac.com.  

Contact Information

  • Contact:
    Razonia McClellan
    Razonia McClellan Public Relations
    Phone: (806) 370-3820x101
    E-Mail: razonia@razoniapr.com