Lime Rock Partners

Lime Rock Partners is a private equity firm based in Houston, Texas, founded in 1998. The firm specializes in the upstream oil and gas sector, focusing on investing growth capital in global energy companies involved in exploration, production, and oilfield services. Lime Rock Partners collaborates closely with entrepreneurs to build differentiated oil and gas businesses, emphasizing a hands-on approach to investment. As a Registered Investment Adviser, the firm is dedicated to fostering innovation and growth within the energy industry.

Dylan Blackford

Director

Benjamin Burns

Senior Associate

Ben Burns

Director

Jonathan Farber

Co-Founder and Managing Director

Andrew Gautier-Winther

Director

Greg Highberger

Managing Director

Susan Oswald

CFO

Gary Sernovitz

Managing Director

Griffin Wilson

Associate

J McLane

Managing Director and CIO

19 past transactions

Shelf Drilling

Post in 2017
Shelf Drilling, Ltd. is a specialized offshore drilling contractor focused on shallow water services for the oil and gas industry. Established in 2012 and headquartered in Dubai, United Arab Emirates, the company operates primarily in the Middle East, North Africa, the Mediterranean, Southeast Asia, India, and West Africa. Shelf Drilling provides comprehensive drilling, completion, and well maintenance services, utilizing a fleet of 32 independent-leg cantilever jack-up rigs, including one stacked swamp barge. The company serves a diverse clientele that includes government-owned energy companies and both integrated and independent oil and gas producers. With a commitment to safety and operational excellence, Shelf Drilling has built strong, long-term relationships with various major industry players. The majority of its revenue is generated from operations in Saudi Arabia, along with notable activities in Thailand, Nigeria, the UAE, and India.

Reveal Energy Services

Venture Round in 2017
Reveal Energy Services Inc., founded in 2016 and headquartered in Houston, Texas, specializes in hydraulic fracture measurement and monitoring services. The company offers a unique technology that utilizes pressure-based methods to generate accurate hydraulic fracture maps, allowing operators to evaluate the effectiveness of completion designs with minimal operational risk and cost. By employing proprietary software and earth models, Reveal Energy Services can create detailed maps using only surface pressure measurements from observation wells. This innovative approach enables clients to monitor a few stages on each well, thereby maximizing the value of their operations in the geographic mapping industry. As a subsidiary of Statoil Gulf Services L.L.C., Reveal aims to enhance the efficiency and effectiveness of hydraulic fracturing in shale formations.

Capstone II

Private Equity Round in 2014
Capstone has been a leader in providing project management, construction management and project controls services since 1994.

Battlecat Oil & Gas

Private Equity Round in 2014
Battlecat Oil & Gas, LLC is a private independent exploration, production and development company focused on applying our “unconventional” experience to develop reservoirs with similar reservoir characteristics as those we have been so successful with in south Texas.

Laricina Energy

Debt Financing in 2014
Laricina Energy Ltd. is a privately-held company based in Calgary, Canada, focused on the exploration, development, and production of bitumen from oil sands in Western Canada. Founded in 2005, the company has advanced two grassroots oil sands exploration plays to the brink of commercial-scale development. Laricina operates and manages a diverse portfolio of oil sands assets, particularly in situ Athabasca oil sands properties, by leveraging technology and in-house expertise. The company has established five project development areas, aiming to create value through the pursuit of less known and less mature projects in the oil sands sector.

Augustus Energy Partners

Private Equity Round in 2014
Augustus Energy Partners, LLC provides oil and gas exploration services. The company engages in acquisition and development of oil and gas properties in the Rocky Mountain and mid-continent regions. Augustus Energy Partners, LLC was incorporated in 2006 and is based in Billings, Montana.

Gas2

Venture Round in 2012
Gas2 Ltd is an independent technology company based in Aberdeen, Scotland, focused on developing innovative gas-to-liquids technologies. The company specializes in a novel process that converts natural gas into liquid hydrocarbon products. These technologies were originally conceived at the Robert Gordon University, highlighting the company's roots in academic research and innovation. Through its advancements in gas processing, Gas2 aims to contribute to the efficient conversion of natural gas, potentially offering valuable solutions in the energy sector.

Senscient

Series C in 2011
Senscient, Inc. specializes in the design, manufacturing, and installation of enhanced laser diode spectroscopy (ELDS) gas detection sensors for industrial applications globally. Founded in 2004 and headquartered in Houston, Texas, with a manufacturing facility in Poole, United Kingdom, the company provides a range of sensors capable of detecting hazardous gases, including toxic and flammable varieties. These sensors operate by transmitting a laser-generated light signal to a receiver, which processes the signal to determine gas concentration, thus safeguarding industrial operations against risks such as fires, explosions, and gas leaks. Senscient's technology offers advantages over traditional gas detection methods, including open path detection, remote testing capabilities, and lower maintenance costs. Its products serve various sectors, including oil and gas, petrochemical, mining, and agriculture, and are marketed through a network of distributors and partners. Senscient operates as a subsidiary of MSA Advanced Detection, LLC.

EV Offshore

Private Equity Round in 2010
EV Offshore specializes in providing advanced video and sensor technology for the oil and gas industry. The company designs and manufactures ruggedized downhole video camera systems integrated with sensors capable of operating at extreme depths of 10,000 meters and in high-pressure and high-temperature environments. Their technology is utilized for various applications, including mechanical inspection, well integrity assessments, and production enhancement. EV Offshore's expert engineers deploy these systems globally, from Alaska to New Zealand, achieving a success rate exceeding 95% in capturing critical images and data. By combining visual insights with essential measurements, the company helps clients diagnose and resolve complex wellbore issues effectively, thereby enhancing operational efficiency in some of the industry's most challenging environments.

TerraSpark Geosciences

Venture Round in 2010
TerraSpark Geosciences, L.P., based in Westminster, Colorado, specializes in software solutions and consulting services tailored for the oil and gas industry. The company develops advanced tools for three-dimensional seismic analysis and interpretation, which assist clients in making informed exploration and production decisions. Its offerings include Insight Earth Base, a comprehensive data and visualization management solution that enhances seismic data conditioning and interpretation, and Insight Earth Structure, which provides geoscientists with the ability to interpret complex geological features within seismic volumes. Founded in 2000, TerraSpark Geosciences aims to improve the efficiency and success rates of reserve discovery and development for its clients.

Gas2

Private Equity Round in 2008
Gas2 Ltd is an independent technology company based in Aberdeen, Scotland, focused on developing innovative gas-to-liquids technologies. The company specializes in a novel process that converts natural gas into liquid hydrocarbon products. These technologies were originally conceived at the Robert Gordon University, highlighting the company's roots in academic research and innovation. Through its advancements in gas processing, Gas2 aims to contribute to the efficient conversion of natural gas, potentially offering valuable solutions in the energy sector.

Vantage Energy

Private Equity Round in 2006
Vantage Energy is an independent oil and natural gas company. The Company is engaged in the acquisition, development, exploitation, and exploration of oil and natural gas properties in the United States, with a focus on the Appalachian Basin. The Company operates through two segments: Exploration and Production (E&P), which explores for and produces oil, natural gas, and natural gas liquids (NGLs), and Midstream, which is engaged in natural gas gathering and water distribution services for its operations and third parties.

Virginia Drilling Company

Private Equity Round in 2006
Virginia Explosives & Drilling Company, Inc. ("VEDCO") delivers contract drilling and blasting services for the coal mining, quarry, and construction industries

SmartSynch

Series C in 2005
SmartSynch is a Smart Grid Technology Company enabling utilities to communicate with any device on the grid. The company's clean-tech innovations in the two-way delivery of real-time energy usage data over public wireless networks (AT&T, Rogers, T-Mobile, etc.), in lieu of private network build-outs, have simplified SmartMeter deployments for over 100 major North American electric utilities. Smart Grid Infrastructure A smart grid infrastructure is the sum of services, devices and software necessary to add a layer of intelligence onto today’s 20th-century electricity grid such that every point on that grid can talk to every other point and decisions are made either by devices or human beings to fully optimize the process by which electricity is generated and delivered to customers. A smart grid infrastructure can spot and stop energy “leaks,” optimize efficiency through better power factors and provide feedback loops that provide the right price signals to normalize energy loads during peak use. According to the Pacific Northwest Laboratory in partnership with the Department of Energy, the total potential benefit of implementing smart grid technologies over the next 20 years is conservatively estimated to have a present value of $75 billion. Vision SmartSynch creates extraordinary value for our customers by providing innovative Smart Grid Infrastructure solutions that leverage public wireless networks.
Interlapse Technologies is a FinTech applications company focused on facilitating the adoption of virtual currencies, particularly Bitcoin and Bitcoin Cash. Its primary product, coincurve.com, offers users a straightforward and secure platform for purchasing and utilizing these cryptocurrencies. By addressing the growing demand for efficient digital currency solutions, Interlapse positions itself within the rapidly expanding landscape of virtual currency investment and usage. The company's efforts align with broader trends in the financial technology sector, aiming to simplify and enhance the user experience in the cryptocurrency space.

Slate River Resources

Private Equity Round in 2005
Slate River Resources an oil and natural gas exploration and production company.

SmartSynch

Venture Round in 2003
SmartSynch is a Smart Grid Technology Company enabling utilities to communicate with any device on the grid. The company's clean-tech innovations in the two-way delivery of real-time energy usage data over public wireless networks (AT&T, Rogers, T-Mobile, etc.), in lieu of private network build-outs, have simplified SmartMeter deployments for over 100 major North American electric utilities. Smart Grid Infrastructure A smart grid infrastructure is the sum of services, devices and software necessary to add a layer of intelligence onto today’s 20th-century electricity grid such that every point on that grid can talk to every other point and decisions are made either by devices or human beings to fully optimize the process by which electricity is generated and delivered to customers. A smart grid infrastructure can spot and stop energy “leaks,” optimize efficiency through better power factors and provide feedback loops that provide the right price signals to normalize energy loads during peak use. According to the Pacific Northwest Laboratory in partnership with the Department of Energy, the total potential benefit of implementing smart grid technologies over the next 20 years is conservatively estimated to have a present value of $75 billion. Vision SmartSynch creates extraordinary value for our customers by providing innovative Smart Grid Infrastructure solutions that leverage public wireless networks.

NATCO Group

Convertible Note in 2003
NATCO Group is a medium-sized company that provides process equipment, systems, and services used in the production of oil and gas. Its equipment solutions include oil treating products such as dehydration and desalting products; separation products, including membrane technology, phase separation, gas scrubbing, and solid solutions; and gas conditioning solutions such as contaminant removal, gas processing, and emission control solutions. NATCO Group’s equipment solutions also comprise water quality solutions, including produced water, water injection, and brine treatment products; measurement systems such as custody transfer systems and distribution solutions; automation and controls, including subsea controls, process management controls, and process analytical solutions; and retrofits. The company is headquartered in Houston, Texas.

SmartSynch

Series A in 2000
SmartSynch is a Smart Grid Technology Company enabling utilities to communicate with any device on the grid. The company's clean-tech innovations in the two-way delivery of real-time energy usage data over public wireless networks (AT&T, Rogers, T-Mobile, etc.), in lieu of private network build-outs, have simplified SmartMeter deployments for over 100 major North American electric utilities. Smart Grid Infrastructure A smart grid infrastructure is the sum of services, devices and software necessary to add a layer of intelligence onto today’s 20th-century electricity grid such that every point on that grid can talk to every other point and decisions are made either by devices or human beings to fully optimize the process by which electricity is generated and delivered to customers. A smart grid infrastructure can spot and stop energy “leaks,” optimize efficiency through better power factors and provide feedback loops that provide the right price signals to normalize energy loads during peak use. According to the Pacific Northwest Laboratory in partnership with the Department of Energy, the total potential benefit of implementing smart grid technologies over the next 20 years is conservatively estimated to have a present value of $75 billion. Vision SmartSynch creates extraordinary value for our customers by providing innovative Smart Grid Infrastructure solutions that leverage public wireless networks.
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