US-based oil and gas production optimisation company Flogistix has received a majority investment from investment firm White Deer Energy, which bought the stake held by NGP Energy Technology Partners.
White Deer Energy did not disclose the amount it paid for the ownership interest.
Flogistix was founded in 2011 and specialises in the manufacturing of wellhead gas compressors. It has a range of gas engine and electric driven compressors and fluid pump systems and offers clients a rental fleet of 1,700 gas compressors.