Stage Completions, based in Houston, is a step-change developer of patented multi-stage completions systems. Stage provides a disruptive set of technologies that deliver up to ~30% cost savings, up to ~50% time savings, and massive environmental benefits, including reduction in CO2 emissions, to its customers in completing an unconventional well. These efficiencies are driven by eliminating several steps in the completions process, reducing jobsite footprint and horsepower requirements. The company’s proven technologies deliver a virtually unlimited number of stages, and have been deployed in the North America, the Middle East and Asia. In 2020, GEC invested in Stage alongside its co-founders to support global growth.
Flowco Production Solutions, based in Houston, designs, manufactures, installs and services artificial lift equipment to maximize the performance and efficiency of producing wells. Flowco is the North American market leader of gas lift and plunger lift systems. In 2017, GEC invested in Flowco alongside its co-founders to accelerate growth.
Estis Compression, based in Kilgore, TX, is a rental and service business geared towards boosting oil production. Estis is the market leader in High Pressure Gas Lift compression, which replaces costly and failure prone ESPs as the initial artificial lift method used in a well. Estis packages all of its compressors through its wholly-owned subsidiary McClung Energy Services. GEC acquired Estis in 2019 to continue growing the company’s High Pressure Gas Lift fleet.
OLA is headquartered in Houston, and is an independent laboratory and consulting business for the energy industry, providing unbiased chemical testing and analytics. OLA was founded in 2015 and performs testing at its facilities in Midland (Permian Basin), Oklahoma City (Mid-Continent), and Cheyenne (DJ Basin). In 2018, GEC invested in OLA alongside management to support the next phase of growth.
Locus Bio-Energy Solutions, with facilities in Houston, Midland and Solon, OH, produces patented, microbial-based completion stimulation and production enhancement solutions. Locus’ all natural products increase production and recoverable reserves, while reducing paraffin buildup. The company provides effective, environmentally-friendly, non-bacterial alternatives to traditional production chemicals and is the only state-approved tertiary EOR technology, qualifying users for millions in annual tax incentives. In 2019, GEC invested in Locus to catalyze its growth.
DJR Energy, based in Denver, is an upstream oil and gas company using technical expertise to build a premier position in the San Juan Basin. In 2017, GEC participated in funding DJR’s initial acquisition of operated facilities, oil and gas production, and leasehold that is prospective in the Gallup sand and Mancos shale formations of the basin.