ConocoPhillips

ConocoPhillips is a global energy company focused on exploration, production, and marketing of crude oil, natural gas liquids, and natural gas. With operations in over a dozen countries, the company is renowned for its technical capabilities, asset quality, scale, and financial strength. It is committed to safe, efficient, and environmentally responsible operations, aiming to improve global quality of life while generating economic benefits.

josh peter

CFO

Past deals in Oil and Gas

Marathon Oil

Acquisition in 2024
Marathon Oil is an independent oil and gas exploration and production company headquartered in Texas. The company specializes in the development of unconventional resources within the United States. As of the end of 2023, Marathon Oil reported net proved reserves of 1.1 billion barrels of oil equivalent, with an average net production of 405 thousand barrels of oil equivalent per day. This production comprises approximately 70% oil and natural gas liquids, and 30% natural gas. Marathon Oil emphasizes safe and responsible production practices while prioritizing environmental, social, and governance (ESG) considerations. The company’s strategic focus is on maintaining a strong financial position and delivering value to its investors through a diverse oil and gas portfolio.

Concho Resources

Acquisition in 2020
Concho Resources is an independent oil and natural gas company based in Midland, Texas, engaged in the acquisition, development, and exploration of oil and natural gas properties. The company has established a significant presence in the Delaware Basin and the Midland Basin, utilizing advanced techniques such as horizontal drilling and multi-well project development. Concho has achieved notable production growth, with a reported 33.6 million barrels of oil equivalent produced and a capital budget of approximately $1.8 billion. In a strategic move to enhance its operational footprint, the company acquired the assets of Three Rivers Operating Company for about $1 billion, notably expanding its positions in key areas. To partially finance this acquisition, Concho divested non-core assets in the Permian Basin for $520 million. Since its inception in 2004, Concho Resources has focused on optimizing energy production to meet the growing demands of various industries.

LUX Assure

Venture Round in 2016
LUX Assure Limited is a technology company based in Edinburgh, United Kingdom, specializing in the development of chemical monitoring solutions for the oil and gas industry. Founded in 2001, the company provides innovative technologies that enable the detection, measurement, and monitoring of chemical concentrations both offshore and onshore. Its flagship product, CoMic, helps clients determine the optimal dosage of corrosion inhibitors, while a range of testing kits offers onsite or offshore colorimetric analysis for monitoring scale, corrosion, and hydrate inhibitors in both water and hydrocarbons. LUX Assure's robust and highly sensitive solutions have been recognized within the industry, earning awards for their innovation and effectiveness in addressing the challenges of chemical monitoring during extraction processes. The company serves a diverse clientele in the United Kingdom and internationally.

Maana

Series A in 2015
Maana, Inc. is a technology company that specializes in industrial data analytics and knowledge-centric software solutions. Founded in 2012 and headquartered in Palo Alto, California, with additional offices in Bellevue, Washington, Houston, Texas, London, United Kingdom, and Dhahran, Saudi Arabia, Maana offers the Maana Knowledge Platform, which facilitates operational problem solving and enhances knowledge discovery to drive profitability. The platform is underpinned by a patented Knowledge Graph that efficiently extracts knowledge from data silos, revealing relationships within the context of specific assets or processes. Maana serves various sectors including industrial field services, maintenance, sales, logistics, finance, risk and compliance, and oil and gas, helping global companies optimize their operations and make data-driven decisions.

Saltworks Technologies

Venture Round in 2014
Saltworks Technologies operates as a water technology company that designs, manufactures and delivers desalination and wastewater treatment plants. It develops turnkey systems including crystallizers, ion exchange membrane products, membrane-stack configurations, and ElectroChem Advanced Electrodialysis for industrial wastewater. The company offers salt splitters, ammonia splitters, and the SaltMaker Evaporator Crystallizer to treat wastewater, brine, and to enable zero liquid discharge. It provides process engineering, operation and finance services. Saltworks serves customers worldwide in industries such as oil and gas, mining, metals processing, agriculture, food and beverage, landfills, and general water remediation, addressing ammonia treatment, leachate, freshwater and brine management, and resource recovery. It emphasizes reducing brine volume, lowering disposal costs, and achieving no liquid discharge through smart design and automation. Founded in 2008 and based in Richmond, Canada.

Ziebel AS

Venture Round in 2014
Ziebel AS, founded in 2006 and headquartered in Tananger, Norway, specializes in well intervention services for the global oil and gas industry. The company is known for its innovative Z-System technology, which incorporates a fiber optic composite rod to enable real-time access and visualization of well bores. This technology facilitates various applications, such as Distributed Temperature Sensing (DTS) for leak detection and water ingress identification, as well as Distributed Acoustic Sensing (DAS) for monitoring fluid movement and identifying flow patterns. Ziebel's offerings include the Z-Rod and Z-Line systems, designed to deliver quality data through safe deployment in producing or injecting wells. Additionally, Ziebel maintains a collaborative platform, Z-Community, to provide employees and partners with access to resources and training. The company also has an office in Houston, United States, reinforcing its presence in the international market.

Accend

Series A in 2013
Accend, Inc., founded in 2012 and based in Austin, Texas, specializes in developing software solutions tailored for the oil drilling industry. The company offers Accend Insight, a comprehensive oilfield data platform that assists companies of all sizes in tracking petroleum production and drilling permits across North American oil and gas wells. Additionally, Accend provides Accend Field, an application designed to optimize production and processes by offering essential tools for oilfield professionals. The company's solutions are utilized by E&P operators and oilfield services, enhancing their ability to make data-driven decisions through interactive mapping, notifications, and custom information.

LUX Assure

Funding Round in 2013
LUX Assure Limited is a technology company based in Edinburgh, United Kingdom, specializing in the development of chemical monitoring solutions for the oil and gas industry. Founded in 2001, the company provides innovative technologies that enable the detection, measurement, and monitoring of chemical concentrations both offshore and onshore. Its flagship product, CoMic, helps clients determine the optimal dosage of corrosion inhibitors, while a range of testing kits offers onsite or offshore colorimetric analysis for monitoring scale, corrosion, and hydrate inhibitors in both water and hydrocarbons. LUX Assure's robust and highly sensitive solutions have been recognized within the industry, earning awards for their innovation and effectiveness in addressing the challenges of chemical monitoring during extraction processes. The company serves a diverse clientele in the United Kingdom and internationally.

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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