Silvertip Completion Services

What Silvertip Completion Services does

Silvertip Completion Services is a Permian Basin-focused oilfield services company that provides wireline logging, pumpdown perforating, pressure control, and high-pressure pumping services to oil and gas operators. Founded in 2017 in Midland, Texas, the company was built with new, standardized equipment with the explicit goal of reducing misruns, non-productive time, and equipment delays that can cost operators days and hundreds of thousands of dollars per incident in the basin. Silvertip was acquired in 2022 by ProPetro and now operates as a completions-focused subsidiary within ProPetro's broader oilfield services portfolio, retaining operational focus on the Permian.

The company's core technology stack centers on two proprietary, trademarked product platforms: the SilverBolt electric-capable wireline truck, which uses an electric-over-hydraulic design with a proprietary manifold that seamlessly switches between grid and battery power; and the SilverShot perforating gun system, developed in partnership with a leading gun manufacturer for rapid inter-stage assembly and designed so every component is reused or recycled. Supporting capabilities include exclusive use of greaseless wireline, Cerberus friction and pump rate wellbore modeling, 10K PSI grease injection units and iron, and high-pressure pumping capability built around 2 x 2,500hp Quintuplex pumps with 1-second interval data recording. Together these differentiate Silvertip on ESG-aligned electric operations, NPT reduction, and engineering-grade wellbore modeling.

Silvertip generates revenue through professional service contracts (project-based, quote-driven, dependent on stage count and equipment specification) sold directly to enterprise operators in the Permian and Delaware basins. Its go-to-market is enterprise field sales, positioning the company as a long-term completion partner rather than a transactional vendor. The customer base is concentrated exclusively in one geography and one segment — upstream E&P operators in the Permian Basin — with no disclosed public pricing and no marketplace or reseller channel. Operations are run as a self-governing, servant-leadership organization with safety/HSE culture emphasized as a core operating principle.

Name

Silvertip Completion Services

Legal name

Silvertip Completion Services

Website

https://silvertipcompletions.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

251–500 employees

Short description

Silvertip Completion Services is a Permian Basin-focused oilfield services company providing wireline, pumpdown perforating, and pumping services to oil and gas operators, operating as a ProPetro subsidiary since 2022.

Ownership category

akta.pro rank

Product category

Oilfield Completion Services

NAICS

Support Activities for Mining (213), Support Activities for Mining (2131)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Well Intervention & Wireline Services (Slickline, E-line, Coiled Tubing) (EUALABAE)

akta.pro secondary industries

Pressure Pumping & Stimulation (Hydraulic Fracturing, Acidizing) (EUALABAF), Completion Tools & Subsurface Equipment (Packers, Liners, Valves, Sand Control) (EUALABAD)

Keywords

• Wireline services
• Pumpdown perforating
• Completion services
• Oilfield services
• Pressure pumping

Headquarters

HQ city

Midland

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Wireline Services: Silvertip generates revenue through providing wireline services including logging (Gamma Ray, Radial Bond Logs, Temperature), perforating, and pressure control services (10K PSI Grease Injection Units, 10K PSI Iron, 40 Ton Cranes) to oil and gas operators in the Permian Basin.
2. Pumpdown Perforating Services: Revenue from pumpdown perforating services using mechanical switches, addressable switches, and explosive release tools. Services include wireline pumpdown, toe preps, acid jobs, DFIT testing, casing testing, frac hit protection, coiled tubing assist and drill outs.
3. Pumping Services: High-pressure pumping services delivered with 2 x 2,500hp 4.5" Quintuplex Pumps (CAT Engine, CAT 9-Speed Transmission, Dragon Fluid Ends), 3" 1502 15K Iron, data trailers, and data recording software capturing 1-second interval readings.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Silvertip Completion Services provides wireline and pumpdown completion services to oil and gas operators exclusively in the Permian Basin. The offering includes logging (Gamma Ray, Radial Bond Logs, Temperature), pumpdown perforating, pressure control services (10K PSI grease injection units and iron, 40-ton cranes), and high-pressure pumping operations delivered through specialized crews and a standardized fleet that includes the proprietary SilverBolt electric wireline truck and SilverShot perforating gun system.

Product overview

Silvertip Completion Services operates as a focused wireline and pumpdown service provider in the Permian Basin, offering two core product lines: specialized equipment systems (SilverShot™ perforating gun system and SilverBolt™ electric wireline truck) and comprehensive service offerings (Wireline Services and Pumping Services). The SilverShot™ system delivers streamlined perforating operations with reusable components, while the SilverBolt™ truck provides electric-capable wireline operations to reduce environmental impact. Combined with traditional wireline logging, perforating, pressure control, and high-pressure pumping services, the company provides end-to-end completion solutions for oil and gas operators in the Permian region.

Differentiator

Problem solved

Functional benefit

Brands

• SilverShot™: Perforating gun system engineered to deliver dependable performance stage after stage. Designed to enable rapid assembly between stages and minimize nonproductive time.
• SilverBolt™

Products and services

• SilverShot Perforating Gun System Wireline-conveyed perforating gun system engineered for dependable performance stage after stage. Designed to enable rapid assembly between stages and minimize non-productive time (NPT), helping operators complete more stages per day.
• SilverBolt Electric Wireline Truck Fully electric-capable wireline truck designed to reduce carbon footprint and diesel usage. Features electric-over-hydraulic design with a 100HP hydraulic pump, proprietary hydraulic manifold for seamless grid/battery power switching, and reduced noise and vibration for quieter worksites and increased reliability.
• Wireline Services Comprehensive wireline services including logging (Gamma Ray, Radial Bond Logs, Temperature), pumpdown perforating (Mechanical Switches, Addressable Switches, Explosive Release Tool), pressure control equipment and cranes (10K PSI Grease Injection Units, 10K PSI Iron, 40 Ton Cranes), and Cerberus friction and pump rate wellbore modeling.
• Pumping Services High-pressure pumping services including wireline pumpdown, toe preps, acid jobs, DFIT testing, casing testing, frac hit protection, coiled tubing assist, and drill outs. Equipment includes 2 x 2,500hp 4.5" Quintuplex Pumps with CAT Engine and 9-Speed Transmission, 3" 1502 15K Iron, data trailers, and data recording software capturing flow rate, line pressure, total volume, and backside pressure at 1-second intervals.

Quantifiable outcome

• Reduced carbon footprint through electric wireline trucks and greaseless wireline operations
• +3 more outcomes

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• Leading Gun ManufacturerkeyTechnology or IntegrationSilvertip developed the SilverShot perforating gun system in partnership with a leading gun manufacturer. This partnership enables Silvertip to provide customized gun designs for all casing sizes and orientations, with the manufacturing partner able to build custom designs quickly to prevent project delays.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• C&J Energy Services: C&J is a competing wireline and completions services provider with deep Permian Basin exposure, similar to Silvertip. Many Silvertip executives (e.g., James Haest) held prior roles at C&J, highlighting direct operational overlap.
• ProPetro Services: ProPetro is Silvertip's parent company and a leading completions-focused pressure pumper in the Permian. Its wireline/pumpdown services compete for similar customers and wellsite capacity, making it the closest operational peer.
• Key Energy Services: Key Energy Services is a legacy wireline, pumpdown, and well intervention provider with significant Permian presence. Silvertip leadership alumni (e.g., James Haest) came directly from Key, indicating comparable service offerings.
• Basic Energy Services: Basic Energy Services is a U.S. oilfield services company focused on completion and remedial services, with wireline and pumpdown exposure similar to Silvertip. Controller Jessica Pike previously led Permian region accounting at Basic.
• Phoenix Oilfield Services: Phoenix Oilfield Services provides wireline, perforating, and pumpdown services with Permian exposure. HSE Manager Joel Holland was previously at Phoenix, indicating closely related operations and customer base.

Broad incumbents

• Halliburton: Halliburton is the largest integrated oilfield services company globally, offering wireline, completions, and pressure pumping. It competes with Silvertip across the Permian Basin and serves as the dominant incumbent in this service category.
• Schlumberger (SLB): SLB provides wireline services and integrated completions solutions globally. Several Silvertip leaders (e.g., Wireline District Manager Josh Garcia) came from Schlumberger, and it remains a key competitor for premium wireline work.
• Baker Hughes: Baker Hughes operates a diversified oilfield services portfolio, including wireline and completions tools. It overlaps with Silvertip's Permian-focused wireline and pumpdown activity and is led in part by personnel with the same Permian tenure.
• Liberty Energy: Liberty Energy is a completions-focused services company specializing in hydraulic fracturing and pumpdown operations. It competes with Silvertip in the Permian Basin on tandem pumpdown and completion campaigns.

Others

• Core Laboratories: Core Laboratories is a reservoir description and production enhancement services provider serving the upstream oilfield. While not a direct wireline peer, it serves the same Permian operators and complements completion workflows with diagnostic and analysis services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/silvertipcompletions
• LinkedInlinkedin.com/company/silvertip-completion-services

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Silvertip Completion Services