Page 12 - NorthAmOil Week 46

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Mesa Natural Gas Solutions and Crusoe Energy Systems target 50 megawatts of flare-to-computing projects in next two years
Mesa Natural Gas Solutions and Crusoe Energy Systems have announced an agreement to further their partnership by targeting 50 megawatts of flare-to-computing projects within the next two years.
The agreement is an extension of the two firms’ mutual commitment to reduce the environmental impacts of flaring natural gas associated with oil development by utilising Mesa’s proprietary generators to turn that otherwise wasted natural gas into electrical power for on-site usage by Crusoe’s data centers.
Together, the companies are deploying “Digitial Flare Mitigation” systems that utilize the generators to power Crusoe’s modular data centers. These systems drastically reduce emissions of operations that would otherwise flare or vent the associated natural gas, and the systems allow oil companies to more efficiently produce petroleum at locations with stranded gas. Mesa and Crusoe plan
to deploy 50 megawatts of Digital Flare Mitigation in the next two years as part of a broad strategy to reduce natural gas flaring in North America.
“Crusoe and Mesa share the goal of providing our clients with reliable, scalable and environmentally beneficial solutions in the oilfield,” says Chase Lochmiller, CEO
of Crusoe Energy Systems. “Mesa’s fast- deploying and modular power generation capabilities have been a natural complement to Crusoe’s mobile and modular Digital Flare Mitigation systems, and we look forward to achieving significant scale together over the next two years and beyond.”
“We are extremely proud and excited to
work with Crusoe and partner with them to convert stranded or flare gas to electricity
for use in Crusoe’s on-site data centers,” says Scott Gromer, president and CEO of Mesa Natural Gas Solutions. “The Crusoe team
has developed an innovative, cost effective solution to the growing issue of excess associated gas in the US oil fields. Oil and gas companies have asked for a solution to excess associate gas production and with Crusoe and Mesa’s technology, we can economically consume the excess gas while reducing emissions.”
MESA NATURAL GAS SOLUTIONS AND CRUSOE ENERGY SYSTEMS, November 13, 2019
Data Gumbo Corporation
entersstrategicpartnership
with BBL Ventures
Data Gumbo Corp., a Houston-based technology company focused on streamlining smart contracts management for industrial customers through its Blockchain-as-a- Service (BaaS) platform, today announced
a strategic implementation partnership with BBL Ventures (BBLV) and Grid Innovation Ventures (GIV), a BBLV company. BBLV
and GIV are venture, business strategy and implementation consulting companies with a leadership position as innovators and advisors in the application of blockchain technology
in the energy and utility sectors. Data Gumbo has selected BBLV along with GIV to be its key strategic implementation partners for Data Gumbo’s BaaS platform.
“Data Gumbo is the undisputed leader in blockchain solutions for the energy industry,” said Jim Lawnin, managing partner of BBL Ventures. “BBLV is the innovation partner to the industry and we are thrilled to help drive this capability and value-add of the BaaS platform deep into businesses,” commented Andrew Bruce, CEO of Data Gumbo.
Data Gumbo has developed an extensive ecosystem of oil and gas industry participants, including the recent addition of a multinational energy company, who
are adopting the platform. The overarching problem in this ecosystem is transactions arising from measurements are interpreted differently by companies, their service providers and their suppliers, whether weight, speed, height, connection, delivery time, volume, quality controls, or any of a number of other contract terms. The supply chain entities are currently losing hundreds of millions of dollars annually in extra expenses and delays due to these differing interpretations, the resulting disputes and the necessary reconciliations.
Data Gumbo eliminates interpretation differences with its BaaS network and
smart contract technology which facilitates automated calculation, reconciliation and payment of invoice line items in near real time with total transparency. Among other benefits, this drives reconciliation time between supply chain counterparts down to zero. After eliminating disputes and enabling automated payment, the BaaS network records the result in an immutable record shared among all parties to the transaction.
DATA GUMBO CORPORATION, November 19, 2019
WolfePak Software acquiresDocVuetoprovide comprehensive data management for the digital oilfield
WolfePak Software, a portfolio company of Charlesbank Capital Partners and leading provider of accounting, regulatory compliance and automation software for the oil and gas industry, announced today its acquisition of DocVue, a provider of imaging, document management and workflow software. DocVue will operate as a standalone product division of WolfePak Software, furthering WolfePak’s commitment to deliver best-of-breed solutions to the oil and gas markets. Financial terms of the transaction were not disclosed.
“Adding DocVue to WolfePak’s product portfolio expands our ability to help independent oil and gas companies solve the continuous challenge of managing all data touch points in the digital oilfield,” said Brent J. Rhymes, CEO of WolfePak Software. “We are delighted to welcome DocVue employees, customers and partners to WolfePak.”
“We are excited to expand WolfePak’s product portfolio and strengthen its industry position with the DocVue acquisition. DocVue’s deep domain expertise in oil and
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Week 46 20•November•2019