ConocoPhillips

ConocoPhillips is an independent oil and gas exploration and production company based in the United States. It is recognized for its strong technical capabilities, high-quality assets, and financial strength, which position it competitively in the global energy market. In 2023, ConocoPhillips produced 1.2 million barrels per day of oil and natural gas liquids, along with 3.1 billion cubic feet per day of natural gas, primarily from regions including Alaska, the Lower 48 states, Norway, and several countries in Asia-Pacific and the Middle East. The company reported proven reserves of 6.8 billion barrels of oil equivalent at the end of 2023. ConocoPhillips is dedicated to the efficient exploration and production of oil and natural gas, leveraging technology and investment to enhance global quality of life while delivering significant economic benefits.

Josh Peter

CFO

19 past transactions

Ekona Power

Series A in 2022
Ekona Power Inc. is a Vancouver-based company focused on producing industrial-scale hydrogen through innovative renewable energy generation technology. The company utilizes methane from feedstock to convert natural gas into clean hydrogen, electrical power, and carbon dioxide. This process not only provides a low-cost solution for hydrogen production but also enables industrial hydrogen consumers and natural gas transmission and distribution companies to access clean energy for their operations. Ekona Power's approach aims to contribute to a sustainable energy future by delivering effective solutions for industrial energy needs.

Concho Resources

Acquisition in 2020
Concho Resources is an independent oil and natural gas company that acquires, develops, and explores oil and natural gas properties. The company delivers production growth from continuing operations of 20% and year-over-year crude oil growth of 25%. Concho nearly doubles its drilling locations, identifying approximately 22,000 locations at year-end. Concho produces 33.6 million barrels of oil equivalent with a capital budget of approximately $1.8 billion. Concho acquires the assets of Three Rivers Operating Company for approximately $1 billion, significantly adding to the Company’s positions in the core northern Delaware Basin play, the Midland Basin Wolfberry play, and the emerging southern Midland Basin horizontal Wolfcamp play. Concho partially funds the acquisition with a $520 million divestiture of non-core Permian Basin assets. It produces 29.8 million barrels of oil equivalent with a capital budget of approximately $1.5 billion. It was launched in Midland, Texas in 2004.

Modumetal

Venture Round in 2019
Modumetal develops and licenses a proprietary technology to produce industrial scale nanolaminated alloys with unprecedented performance characteristics. The company offers nanolaminate coatings that are stronger and lighter than steel, more corrosion-resistant, and more durable than other metals using electricity, rather than heat, to reduce the environmental impact of their manufacture. Modumetal enables infrastructure, automotive, aerospace, energy, and construction industries to achieve superior performance at a cost that is competitive with conventional solutions.

Modumetal

Venture Round in 2019
Modumetal develops and licenses a proprietary technology to produce industrial scale nanolaminated alloys with unprecedented performance characteristics. The company offers nanolaminate coatings that are stronger and lighter than steel, more corrosion-resistant, and more durable than other metals using electricity, rather than heat, to reduce the environmental impact of their manufacture. Modumetal enables infrastructure, automotive, aerospace, energy, and construction industries to achieve superior performance at a cost that is competitive with conventional solutions.

LUX Assure

Venture Round in 2016
LUX Assure is a division of LUX Innovate Limited. LUX specialises in delivering robust, highly sensitive and simple to use chemical monitoring technologies for both offshore and onshore use. The novelty of their approach has been recognised by the oil and gas industry and they have won awards for innovation. Their products include technologies for monitoring scale, corrosion and hydrate inhibitors in both water and hydrocarbons.

Maana

Series A in 2015
Maana is the pioneer in knowledge-centric technology. The Maana Knowledge Platform accelerates knowledge discovery to increase profitability. Maana’s patented Knowledge Graph— a breakthrough invention — at the core of the platform expedites extracting knowledge from data silos, to reveal the relationships within the context of an asset or process companies wish to optimize. Global companies such as GE, Chevron, and Shell are increasing profitability with Maana by operationalizing insights into line-of-business applications for thousands of employees to make faster data-driven decisions. Investors include Chevron Technology Ventures, ConocoPhillips Technology Ventures, Frost Data Capital, GE Ventures, Intel Capital, Saudi Aramco Energy Ventures, and Shell Technology Ventures. Maana is privately held with offices in Palo Alto, California, and Bellevue, Washington.

Saltworks Technologies

Venture Round in 2014
Saltworks provides advanced solutions for treating the toughest waters. We supply innovative systems with smart design and intelligent automation that make clean water, concentrate brine, extract contaminants, and perform zero liquid discharge. With plants sold worldwide, we have an established history of designing, building, and operating full-scale industrial wastewater treatment systems.

Skyonic

Venture Round in 2014
Skyonic Corporation operates as an environmental technology company that converts carbon dioxide emissions to solids for long-term storage. The company offers SkyMine, a post-combustion carbon capture and sequestration technology that addresses the issue of climate change through the mineralization of CO2 as carbonate compounds. Its SkyMine technology removes heavy metals, acid gases, and carbon dioxide from conditioned at-temperature flue gas and stores the carbon emissions as stable sodium bicarbonate for long-term storage as land or mine fill and returns the flue gas to the plants stack for release. The company also provides construction, installation, and maintenance of facilities and equipment. Skyonic was founded in 2005 and is based in Austin, Texas.

Cool Planet

Series D in 2014
Cool Planet is a technology company that develops sustainable products to address energy, food, and water. It commercializes a groundbreaking technology that produces engineered biocarbon and renewable, carbon-negative fuel from biomass. It was founded in 2009 and in headquartered Colorado, Mexico.

Ziebel AS

Venture Round in 2014
Founded in Stavanger, Norway in 2006, Ziebel provides specialist well intervention services to the global oil and gas industry. Ziebel is dedicated to enhancing production effectively and economically through its pioneering well intervention technologies, including the Z-System™. This proprietary fiber optic composite rod technology makes it possible to access and visualize the entire well bore in real-time.

Accend

Series A in 2013
Accend, Inc. develops software solutions for the oil drilling industry in the United States. The company’s software provides petroleum well data, drilling permits data, and interactive mapping and notifications. It also offers enterprise data collection and application development services. The company was incorporated in 2012 and is based in Austin, Texas.

Ingenu

Series C in 2013
Ingenu is the pioneer in delivering connectivity exclusively to machines. It builds the world’s largest IoT network dedicated to connectivity for machines. Operating on the universal spectrum, the company’s RPMA technology is a proven standard for connecting the Internet of Things (IoT) and machine-to-machine (M2M) devices around the world. It was founded in 2008 and is headquartered in San Diego, California.

Skyonic

Series C in 2013
Skyonic Corporation operates as an environmental technology company that converts carbon dioxide emissions to solids for long-term storage. The company offers SkyMine, a post-combustion carbon capture and sequestration technology that addresses the issue of climate change through the mineralization of CO2 as carbonate compounds. Its SkyMine technology removes heavy metals, acid gases, and carbon dioxide from conditioned at-temperature flue gas and stores the carbon emissions as stable sodium bicarbonate for long-term storage as land or mine fill and returns the flue gas to the plants stack for release. The company also provides construction, installation, and maintenance of facilities and equipment. Skyonic was founded in 2005 and is based in Austin, Texas.

LUX Assure

Funding Round in 2013
LUX Assure is a division of LUX Innovate Limited. LUX specialises in delivering robust, highly sensitive and simple to use chemical monitoring technologies for both offshore and onshore use. The novelty of their approach has been recognised by the oil and gas industry and they have won awards for innovation. Their products include technologies for monitoring scale, corrosion and hydrate inhibitors in both water and hydrocarbons.

General Compression

Series B in 2012
General Compression is a developer of air energy storage systems. The company's energy storage systems store energy from wind farms and make it available on demand. The technology is designed to allow customers to combine storage with wind energy to provide an emission-free firm generation capacity option that is competitive without subsidy with new-build fossil and nuclear generation in fossil fuel markets.

Modumetal

Venture Round in 2012
Modumetal develops and licenses a proprietary technology to produce industrial scale nanolaminated alloys with unprecedented performance characteristics. The company offers nanolaminate coatings that are stronger and lighter than steel, more corrosion-resistant, and more durable than other metals using electricity, rather than heat, to reduce the environmental impact of their manufacture. Modumetal enables infrastructure, automotive, aerospace, energy, and construction industries to achieve superior performance at a cost that is competitive with conventional solutions.

Skyonic

Series C in 2012
Skyonic Corporation operates as an environmental technology company that converts carbon dioxide emissions to solids for long-term storage. The company offers SkyMine, a post-combustion carbon capture and sequestration technology that addresses the issue of climate change through the mineralization of CO2 as carbonate compounds. Its SkyMine technology removes heavy metals, acid gases, and carbon dioxide from conditioned at-temperature flue gas and stores the carbon emissions as stable sodium bicarbonate for long-term storage as land or mine fill and returns the flue gas to the plants stack for release. The company also provides construction, installation, and maintenance of facilities and equipment. Skyonic was founded in 2005 and is based in Austin, Texas.

Burlington Resources

Acquisition in 2006
Burlington Resources, was an American oil and gas company. Their headquarters were in Houston, Texas.

Tosco Corporation

Acquisition in 2001
Tosco was an independent US based petroleum refining and marketing corporation. It was founded in 1955 and grew to become the largest independent oil refining and fuel marketer in the United States during the 1990s, with more than 5,000 Circle K, Union 76, BP, Exxon, and Shell convenience store and service stations. Tosco merged with Phillips Petroleum in 2001. Phillips merged with Conoco in 2002 to become ConocoPhillips, who spun off the Circle K stores to Canadian-based Alimentation Couche-Tard.
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