Petroplex Acidizing
Petroplex Acidizing provides acidizing and pressure pumping services to oil and gas producers in the Permian Basin. Founded in 1981, the privately held company uses proprietary Petrosol chemistry and 25+ pumps to serve both independent and major E&P operators.
- Company typePrivate
- Founded1981
- HeadquartersOdessa, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Petroplex Acidizing does
Petroplex Acidizing is a privately held oilfield services company founded in 1981 by Larry Foster in Midland, Texas, that provides acidizing and chemical treatments for oil, gas, and injection wells in the Permian Basin. The company operates as the longest-standing independent acidizing provider in the basin, serving both independent producers and blue-chip E&P customers including Apache, Chevron, ConocoPhillips, EOG Resources, Diamondback Energy, Coterra Energy, XTO Energy, Kinder Morgan, and several others. Its technology stack is centered on a fleet of 25+ pumping units (450-2500 HP), remote-operated and automated pumping systems, and the proprietary Petrosol acid solution formulated for challenging oil-wet formations.
The company delivers well stimulation services through 14 acid crews deployed from three strategic yards across Southwest Texas and Southeast New Mexico, offering both rigged and rig-less treatment options and 24/7 service. Differentiated service capability rests on fit-for-purpose treatment designs (supported by extensive acid compatibility testing), advanced equipment automation that reduces non-productive time and improves safety, and demonstrated customer outcomes including a 40 BOPD average uplift and $156K average 60-day incremental revenue per treated well, with Petrosol-treated wells averaging 82% post-60-day BOPD uplift. Petroplex employs 51-100 people and operates without disclosed institutional or private-equity backing.
Petroplex generates revenue through project-based professional services contracts priced per job, with pricing determined by treatment scope, equipment requirements, and treatment specifications rather than through disclosed rate cards. Customer relationships are built through direct enterprise field sales emphasizing technical expertise and safety record. The go-to-market is regionally concentrated in the Permian Basin, supported by a leadership team headed by President and CEO Kyle Cunningham (promoted 2021), Vice President and CFO Erin Underwood, and Director of Operations Joel Jurado (promoted 2022). No revenue, funding rounds, patents, or M&A activity are publicly disclosed.
Petroplex Acidizing firmographics
Firmographics- Name
- Petroplex Acidizing
- Legal name
- Petroplex Acidizing Services
- Website
- https://petroplex.com
- Company type
- Private
- Founded year
- 1981
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Petroplex Acidizing provides acidizing and pressure pumping services to oil and gas producers in the Permian Basin. Founded in 1981, the privately held company uses proprietary Petrosol chemistry and 25+ pumps to serve both independent and major E&P operators.
- Ownership category
- akta.pro rank
Petroplex Acidizing industry classification
Industry- Product category
- Oilfield Well Stimulation Services
- NAICS
- Support Activities for Mining (2131)
- akta.pro primary industry
- Pressure Pumping & Stimulation (Hydraulic Fracturing, Acidizing) (EUALABAF)
Keywords
Where Petroplex Acidizing is headquartered
LocationHeadquarters
- HQ city
- Odessa
- HQ country
- United States
- HQ region
- North America
Offices2 records
Markets served
Petroplex Acidizing business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Supply Chain, Infrastructure, Technology or R&D
Revenue model
- Acidizing Services: Petroplex generates revenue through providing acidizing and pressure pumping services to oil and gas producers. Services are delivered by 14 acid crews with specialized equipment. Revenue is derived from well stimulation treatments, with demonstrated average outcomes of $156K incremental revenue per 60-day treatment cycle.
- Pressure Pumping Services: Pressure pumping services utilizing the company's fleet of 25+ pumps ranging from 450-2500 HP. Services include pumping units, acid transports, and frac pumps deployed for 24/7 service across the Permian Basin.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom project-based pricing for well stimulation services |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels2 records
Petroplex Acidizing product offering
Product offeringCore offering
Petroplex Acidizing provides well stimulation services to oil and gas producers in the Permian Basin through two primary offerings: Acidizing Services and Pressure Pumping. Services are delivered using 14 acid crews, a fleet of 25+ remote-operated pumps (450-2500 HP), and the proprietary Petrosol acid solution, with customized treatment designs available in both rigged and rig-less configurations.
Product overview
Petroplex Acidizing offers a unified service portfolio centered on well stimulation for the oil and gas industry in the Permian Basin. The core offering consists of Acidizing Services and Pressure Pumping, supported by the proprietary Petrosol acid solution. These services are delivered through an extensive equipment fleet including pumping units (450-2500 HP range) and acid transports strategically stationed for rapid deployment.
Differentiator
Problem solved
Functional benefit
Brands
- Petrosol: Proprietary acid solution marketed as the industry's most-effective acid solution for well stimulation and oil-wet formations.
Products and services
- Acidizing Services Customized acid treatment services delivered to oil and gas producers in the Permian Basin to maximize production from challenging oil-wet formations. Includes fit-for-purpose treatment designs covering acid compatibility testing, specialized pump rates, and tailored chemistry such as the proprietary Petrosol solution.
- Pressure Pumping Services High-capacity pumping services for well stimulation using a fleet of 25+ pumps (450-2500 HP), acid transports, and frac pumps, with rigged and rig-less treatment options provided to oil and gas producers across the Permian Basin.
- Petrosol Acid Solution Proprietary acid solution formulated by Petroplex to address well-site challenges on a molecular level, marketed as the industry's most-effective acid solution for challenging oil-wet formations and applied as part of acidizing treatments in the Permian Basin.
Quantifiable outcome
- 40 barrels of oil per day average uplift over 60-day treatment periods
- +3 more outcomes
Companies that use Petroplex Acidizing
Customer profileNamed customers8 records
Segments2 records
Ideal customer profiles2 records
Petroplex Acidizing technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Petroplex Acidizing partnerships and signals
Strategic signalScale indicators7 records
Recent moves5 records
Expansion highlights3 records
Petroplex Acidizing competitors and assessment
Company assessmentBroad incumbents
- Patterson-UTI Energy: Diversified U.S. drilling and pressure pumping operator with a sizable completion services business that competes with Petroplex for stimulation and acidizing work at Permian customers.
- Halliburton: One of the two largest oilfield services incumbents globally, with a comprehensive Pressure Pumping & Stimulation product line that includes acidizing services competing against Petroplex at large E&P customers.
- SLB (Schlumberger): Global oilfield services leader offering stimulation, well intervention, and chemistry services that overlap directly with Petroplex's acidizing and pressure pumping scope, especially within integrated completion packages.
- RPC, Inc. Diversified oilfield services company whose Cudd Pumping Services unit offers pressure pumping and acidizing stimulation services overlapping with Petroplex's core offering in U.S. basins.
Direct peers
- Liberty Energy: U.S.-focused pressure pumping and completion services provider with substantial Permian Basin exposure and integrated stimulation offerings, competing head-to-head with Petroplex for the same E&P customers.
- ProPetro Holding: Permian Basin-anchored pressure pumping specialist of similar size profile to Petroplex, offering completion and stimulation services to the same operator base including majors and large independents.
- NexTier Oilfield Solutions: U.S. completion and frac services provider with a Permian-focused fleet, directly competing with Petroplex for hydraulic fracturing and well stimulation contracts on the same E&P operators.
- BJ Services: Pressure pumping and stimulation specialist serving U.S. and international operators post-restructuring, offering acidizing and frac services that directly overlap Petroplex's core service lines.
Regional players
- Calfrac Well Services: Pressure pumping and frac services operator primarily serving Canadian and select U.S. markets; comparable in service mix and equipment profile to Petroplex though geographically distinct.
Emerging players
- NCS Multistage Holdings: Provider of multistage completion systems and related pressure pumping services across North American shale plays, overlapping with Petroplex's stimulation and completion customer base in the Permian.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Petroplex Acidizing financial estimates
Financial estimateRevenue estimate
Valuation estimate
Petroplex Acidizing leadership team
Management profileNumber of profiles
Profiles3 records
Petroplex Acidizing funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Petroplex Acidizing M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Petroplex Acidizing
What does Petroplex Acidizing do?
Petroplex Acidizing provides well stimulation services to oil and gas producers in the Permian Basin through two primary offerings: Acidizing Services and Pressure Pumping. Services are delivered using 14 acid crews, a fleet of 25+ remote-operated pumps (450-2500 HP), and the proprietary Petrosol acid solution, with customized treatment designs available in both rigged and rig-less configurations.
Is Petroplex Acidizing a public or private company?
Petroplex Acidizing is a private company. It is classified as family owned and is currently operating.
When was Petroplex Acidizing founded?
Petroplex Acidizing was founded in 1981. It employs 51 to 100 people.
Where is Petroplex Acidizing based?
Petroplex Acidizing is headquartered in Odessa, United States, in the North America region.
How does Petroplex Acidizing make money?
Two revenue lines are on record. Acidizing Services are the primary driver. The others are pressure Pumping Services.
Who are Petroplex Acidizing's main competitors?
Broad incumbents on record are Patterson-UTI Energy, Halliburton, SLB (Schlumberger) and RPC, Inc.. Direct peers are Liberty Energy, ProPetro Holding, NexTier Oilfield Solutions and BJ Services. Calfrac Well Services is listed as a regional player. NCS Multistage Holdings is listed as an emerging player.
Does Petroplex Acidizing have an API?
No public API is recorded for Petroplex Acidizing.
What industry is Petroplex Acidizing in?
Petroplex Acidizing's product category is Oilfield Well Stimulation Services. Its primary akta.pro industry code is EUALABAF, Pressure Pumping & Stimulation (Hydraulic Fracturing, Acidizing). Its NAICS code is 2131.