Utica Funds $3.1MM Capital Lease for Oilfield Services and Aggregates Provider

May 13, 2025 - Utica closed a $3.1 million capital lease for a Permian Basin oilfield services and aggregates provider. Secured by heavy construction machinery, site‑development equipment, and aggregate processing assets, this transaction enables the company to refinance existing debt and strengthen its working‑capital position.

The lease supports a broad suite of services — including road construction, fracking‑pit installation, trenching, remediation, and weed control — while also bolstering the firm’s in‑house supply of high‑quality materials such as caliche, crushed rock, and chat. By optimizing its balance sheet, the company can maintain uninterrupted operations across multiple sites and pursue strategic growth initiatives in the region.

Utica’s continued support underscores its commitment to delivering tailored financial solutions that foster operational efficiency and sustainable expansion in critical energy‑infrastructure sectors.