About US Well Services
US Well Services is an Energy & Utilities company based in Houston (United States) founded in 2012, and was acquired by ProFrac in June 2022. Hydraulic fracturing services are provided for unconventional wells. US Well Services has raised $166 million across 8 funding rounds from investors including ProFrac, Piper Jaffray and Beal Bank. The company has 526 employees. Its chief executive, as recorded, is Joel Broussard. The company was acqui-hired. Its focus areas include Energy Tech, Oil & Gas Tech, Upstream and Downhole. Its competitors include Seismos, ResFrac and Well Data Labs; 3 of its 3 listed competitors have raised funding.
Company details
US Well Services was established in 2012 in Houston, United States, within the oil and gas sector. Hydraulic fracturing services for unconventional wells are offered, supported by patented natural gas and diesel-powered systems designed for high-pressure and portable use. Key products include PowerPath for centralized power generation via microgrids, FRAC MD for predicting equipment failures, and SANDSHIELD for controlling silica emissions. Operations focus on efficient field applications across the region.
- Headquarters Houston, United States
- Employees 526
- Stage Public
- SectorsEnergy & Utilities
- Email••••••••
- Phone•••• ••••
- Website uswellservices.com
- Social LinkedIn X Facebook
- Acquired by ProFrac (Jun 2022)
Funding Insights of US Well Services
US Well Services has successfully raised a total of $166M across 8 strategic funding rounds. The most recent funding activity was a Post-IPO round of $125.5 million completed in July 2021. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $166M
- Total Rounds 8
- Last Round Post-IPO — $125.5M
- First Round $106M
(Mar 2012)
- Investors Count 4
All 8 funding rounds of US Well Services with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2021 | $125.5M | Post-IPO | – | – | |
| Apr 2020 | Post-IPO | – | – | – | |
| May 2019 | $325M | Debt – Conventional | – | – | |
| Dec 2018 | $75M | Debt – Conventional | – | – | |
| Jul 2015 | $6M | Debt – Conventional | – | – | |
| Oct 2013 | Debt – Conventional | – | – | – | |
| Oct 2013 | $60M | Series C | – | – | – |
| Mar 2012 | $106M | Series C | – | – | – |
4 investors in total: 4 institutional.
Investors in US Well Services
US Well Services has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include ProFrac, Piper Jaffray and Beal Bank.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Global multi-sector investments are managed by the private equity firm. | capitalagroup.com | Charlotte, United States | ||
Manufacturer of high pressure pumps | 2010 | profrac.com | Willow Park, United States | |
Provides deposit accounts, loans, and savings products for individual customers. | 1988 | bealbank.com | Plano, United States | |
Middle market focused investment bank | 1895 | piperjaffray.com | Minneapolis, United States |
Investor details for US Well Services
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People of US Well Services
5 people are tracked at US Well Services (1 in leadership, 4 in team); the tracked headcount is 526.
| Name | Role | Group |
|---|---|---|
Joel Broussard | CEO | Leadership |
William Oxley | Northeast Area Power Generation Manager | Team |
Albert Andrews | Electrical Power Generation Lead | Team |
Cory Griffith | Lead Electronics Technician | Team |
Brandon Welker | Operations Manager | Team |
Complete people profiles for US Well Services
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Timeline of US Well Services
5 dated milestones of US Well Services across 10 years, from founding to its latest funding, stage changes and deals.
- Founded US Well Services is founded.
- Funding First funding round of $106.0M.
- IPO Lists on the stock exchange (IPO).
- Funding Latest funding round, Post-IPO, of $125.5M.
- Exit Acquired by ProFrac.
Competitors of US Well Services
US Well Services has 3 listed competitors in our database, 3 of them funded. They include Seismos, ResFrac and Well Data Labs.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| seismos.com | 2013 | Austin, United States | $29.5M | 47 | Real-time fluid-flow monitoring is enabled for oil and gas reservoirs. | |
| resfrac.com | 2018 | Palo Alto, United States | $5M | 16 | Integrated hydraulic fracturing and reservoir simulation software is developed. | |
| welldatalabs.com | 2014 | Denver, United States | $7.51M | 19 | Cloud-based solution for fracturing data management |
Detailed competitors of US Well Services
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Web traffic of US Well Services
Websites that share an audience with US Well Services (uswellservices.com).
Websites whose visitors overlap most with US Well Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| eogresources.com | 100% | 39.7K | #659,750 | View details | |
| diecasting.org | 72% | 9.8K | #1,258,938 | View details |
Top companies in Oil & Gas Technology Solutions
3 companies that operate in the same segment as US Well Services (Oil & Gas Technology Solutions) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
AI-based software for manufacturing process optimization is offered. | 1981 | Bedford, United States | USD 100 M | USD 5.21 M | 64 | |
Cloud infrastructure and AI-optimized data centers are provided. | 2018 | Denver, Colorado, United States | USD 6.67 B | 1,820 | ||
AI-driven urban datasets and analysis tools are offered by Urbint. | 2015 | New York, New York, United States | USD 130.08 M |
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Related news about Us Well Services
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Frequently Asked Questions about US Well Services
US Well Services was founded in 2012.
US Well Services is headquartered in Houston, United States. It is registered at Houston, Texas, United States.
Joel Broussard is the CEO of US Well Services, as recorded in our data.
US Well Services is a funded company, having raised a total of $166M across 8 funding rounds to date. The company's 1st funding round was a Series C of $106M, raised on Mar 2012.
US Well Services has 526 employees.
Annual revenue of US Well Services is $250.46M as on Dec 31, 2021.
US Well Services was established in 2012 in Houston, United States, within the oil and gas sector. Hydraulic fracturing services for unconventional wells are offered, supported by patented natural gas and diesel-powered systems designed for high-pressure and portable use. Key products include PowerPath for centralized power generation via microgrids, FRAC MD for predicting equipment failures, and SANDSHIELD for controlling silica emissions. Operations focus on efficient field applications across the region.
US Well Services's top competitors include Well Data Labs, Seismos and ResFrac.
US Well Services has 4 investors. Key investors include ProFrac, Piper Jaffray, Beal Bank, and Capitala Group.
Yes. US Well Services was acquired by ProFrac in June 2022.