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Performance Driven. Reliability Focused. Headquartered in the Energy Corridor in Houston, Rival Downhole Tools rents, sells and services best-in-class drilling and thru tubing motors and tools to the upstream oil and gas industry. Founded in 2002 the company leverages its Ashmin legacy, as an engineering firm focused on the creation of new technology, for licensing to service companies, rental tool suppliers, drilling contractors and E&P companies.
Investor insights
Funding rounds participated in
$15M sweet spot round size
Investor type
Privately Held
Basic info
Industry
Oil and Gas
Sectors
Oil and Gas
Date founded
2002
Funding rounds raised
Total raised
$15M
from 1 investors over 1 rounds
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Rival Downhole Tools raised $15M on November 5, 2017
Investors: EV Private Equity