Houston-based Infrastructure Networks Inc., also called INET, has quadrupled its headcount in the past three years, but it isn’t done growing yet.
INET employs about 80 people today, but that number will probably reach 100 by the end of the year, CEO Scott Crist said. And he said that number should keep growing as time goes on.
INET has been buying up spectrum licenses — basically the right to transmit radio waves in a specific geography and frequency — all over the U.S., Crist said. The growing importance of data and connectivity in the oil field has given INET a lot of opportunities for growth onshore U.S. without having to look elsewhere, he said. By the end of the summer, the company expects to cover about 90 percent of the territory in U.S. oil and gas basins.
“We have enough to say grace over in our backyard,” Crist said.
That said, some of INET’s customers have asked about services internationally, Crist said. That’s something the company may pursue in the next couple of years, he added.
The company is also expanding its footprint in the Bakken shale play, which lies primarily in North Dakota. Opportunities for technology there have been largely overlooked so far, which gave INET a chance to establish a foothold before the larger networking companies could come in and throw weight around, Crist said.
“Obviously, in terms of the basins, the Permian is ranked No. 1, 2 and 3,” Crist said. “We’ve gone around the country and stealthily bought spectrum in certain strategic areas.”
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