RUNNING HORSE, LLC

What RUNNING HORSE, LLC does

Running Horse, LLC is a privately held, family-owned oilfield services company headquartered west of New Town, North Dakota, in the heart of the Bakken Oilfield. Founded in 2012 and owned by the Fredericks family (Tell, Tesha, and Cody Fredericks), the company delivers a full-stack suite of services to oil and gas operators across the Bakken, including hauling (production water, flowback water, fresh water, frac sand, aggregate, crude oil, and invert), construction and maintenance (pipeline, pad site, road, hydrovac, roustabout, dust control, waste management), workover rigs, fluid filtration, contract pumping, and snow removal. The company classifies itself as a TIER 1/TAT premier oilfield services provider in the Bakken region.

The company's competitive position rests on a 20-acre yard with a state-of-the-art 8-bay full-service shop featuring 2 heated wash bays, yard lights, plug-ins, 24-hour camera surveillance, and 24/7 employee showers and laundry. This capital infrastructure supports an in-house mechanic team and full vertical integration of equipment maintenance. The company maintains ISNetworld certification and emphasizes safety excellence as part of its brand. Distinctive offerings include enclosed fluid filter pots capable of filtering flowback water to sub-production-water micron levels to reduce disposal costs, and a sub-leasing program that enables independent contractors to access oilfield work via Running Horse equipment.

The business model is direct-to-operator oilfield services, with 24/7 dispatch and quote-based pricing across all six service lines. Revenue is generated on transaction fees and professional services billing; pricing is not publicly disclosed. Customers contact the company directly via phone (24/7 dispatch and main line) or an online contact form, and the company also distributes through its sub-leasing channel for qualified operators. Marketing is concentrated on the company website and social media. The company is not venture-backed, with no institutional or external funding indicated in the source data.

Name

RUNNING HORSE, LLC

Legal name

Running Horse, LLC

Website

https://runninghorsetrucking.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Headquarters

HQ city

New Town, ND

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, Marketing or Sales

Revenue model

1. Oilfield Hauling Services: Comprehensive trucking and hauling services for the oilfield industry including production water, flowback water, fresh water, frac sand, aggregate, crude oil, invert, and specialized hauling. Also includes rig moves and crane & rigging services.
2. Construction and Maintenance Services: Dirt work services including pipeline construction and maintenance, pad site construction and maintenance, road construction and maintenance, clean up and reclamation, hydrovac, roustabout services, dust control, waste management, and equipment rental and sales.
3. Workover Rigs: Workover and well servicing operations for the Bakken area focused on providing efficient service to lower customers' overall well servicing costs.
4. Fluid Filtration Services: Enclosed filter pots for filtering flowback water to low micron levels to decrease disposal costs. Units can be used on location for water transfer operations.
5. Contract Pumping: Contract pumping services including flowback, treater watch, lease operators, frac support, and filter sock trailer services.
6. Snow Removal Services: Snow removal services to keep roads clear during winter months, with equipment maintained in the company's 8-bay shop.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Running Horse, LLC is a TIER 1/TAT premier oilfield services company operating in the Bakken Oilfield region around New Town, North Dakota. It provides a comprehensive suite of oilfield services including trucking and hauling (production water, flowback water, fresh water, frac sand, aggregate, crude oil), construction and maintenance (pipeline, pad site, road work, reclamation, hydrovac, roustabout), workover rigs for well servicing, enclosed fluid filtration systems, contract pumping, and 24/7 snow removal, all supported by a 20-acre yard with an 8-bay full-service shop and heated wash bays.

Product overview

Running Horse, LLC is a TIER 1/TAT premier oilfield services company providing a comprehensive suite of services for the Bakken oilfield. The company's offering consists of core service lines including Hauling Services (transportation of water, frac sand, crude oil, and other materials), Snow Removal, Construction and Maintenance Services (dirt work, pipeline, road, and pad site services), Workover Rigs, Fluid Filters, Contract Pumping, all supported by an 8-bay full-service shop facility with heated wash bays. The portfolio is unified under the Running Horse brand and is designed to serve the complete lifecycle of oilfield operations from construction through production servicing.

Differentiator

Problem solved

Functional benefit

Products and services

• Hauling Services Comprehensive trucking and transportation services for the Bakken oilfield, including production water, flowback water, fresh water, frac sand, aggregate, crude oil, invert, service work, rig moves, specialized hauling, and crane & rigging for oil and gas operators.
• Snow Removal Snow removal services to keep roads and sites clear during winter months in the Bakken region, with equipment maintained in the company's full-service 8-bay shop.
• Construction and Maintenance Services Heavy equipment and dirt work services covering pipeline construction and maintenance, pad site construction and maintenance, road construction and maintenance, cleanup and reclamation, hydrovac, roustabout services, dust control and mag chloride application, waste management, and equipment rental and sales for oilfield operators.
• Workover Rigs Workover and well servicing for the Bakken area, providing efficient service delivery to lower customers' overall well servicing costs.
• Fluid Filters Completely enclosed filter pots that filter flowback water to the lowest micron levels (less than production water quality) to decrease disposal costs; units can also be used for water transfer operations on location.
• Contract Pumping Contract pumping services including flowback, treater watch, lease operators, frac support, and filter sock trailer services for oil and gas operators in the Bakken.
• Full Service 8 Bay Shop State-of-the-art full-service shop with 8 bays and 2 heated wash bays, complete with professional mechanics, showers, and laundry facilities accessible 24/7, located on the 20-acre yard west of New Town, ND.

Quantifiable outcome

• Filter flowback water to less than production water quality levels to decrease disposal costs

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• Schlumberger (SLB): SLB is a global oilfield services and digital technology provider serving the upstream industry across multiple basins. Comparable in serving Bakken operators with a broad portfolio of oilfield services that intersects with Running Horse's workover, hauling, and production offerings.
• Halliburton: Halliburton is one of the world's largest oilfield services providers offering drilling, completion, production, and integrated services globally. Overlaps with Running Horse in providing oilfield services to Bakken operators but at vastly greater scale and breadth.
• Baker Hughes: Baker Hughes provides oilfield services, equipment, and digital solutions across the upstream value chain. Overlaps with Running Horse in providing oilfield services and equipment to operators, including those active in the Bakken region.

Direct peers

• Select Water Solutions: Select Water Solutions provides water handling and fluids management to U.S. unconventional operators, with significant Bakken presence. Directly comparable to Running Horse's fluid filtration, produced-water hauling, and water-transfer capabilities.
• Basic Energy Services: Basic Energy Services provides a range of wellsite services to oil and gas producers including workover rigs, fluid hauling, and construction support across U.S. basins. Comparable to Running Horse in offering multi-line oilfield services with a regional operational footprint.
• ProPetro Holding Corp. ProPetro is a U.S. oilfield services company specializing in hydraulic fracturing and other wellsite services. Comparable to Running Horse in providing multiple oilfield service lines to U.S. E&P operators.
• C&J Energy Services: C&J Energy Services offers well construction, well intervention, workover, and completion services to E&Ps in the U.S. Direct overlap with Running Horse in workover rig operations and well-servicing for upstream operators.
• Nuverra Environmental Solutions: Nuverra provides environmental solutions and water logistics to U.S. oil and gas operators with a strong Bakken footprint. Comparable to Running Horse's fluid filtration, water hauling, and produced-water management services.
• Nine Energy Service: Nine Energy Service provides completion and workover services, including frac and wireline, primarily in U.S. unconventional basins. Comparable in providing well intervention services and completion-related equipment to operators in regions like the Bakken.
• Liberty Energy: Liberty Energy provides hydraulic fracturing, completions, and wellsite services to U.S. E&Ps. While larger and more frac-focused, the company overlaps with Running Horse in serving unconventional basin operators with bundled oilfield services.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/running-horse-trucking-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 RUNNING HORSE, LLC