Next-Gen Oil and Gas World: It’s All About Technology, Part 1

Next-Gen Oil and Gas World: It’s All About Technology, Part 1

Technology might be a loathsome word for many in the oil and gas space. It envisions headache-inducing change from what has been accustomed to vs what is needed and required, and costly adaptation in a cyclical industry whose health is downright poor right now. But let’s not forget that technology is the one constant that continues to transform oil and gas production, transportation, processing, refining, and most recently exportation to nations around the globe that depend on oil and gas to fuel their economies.


Flogistix is an oil and gas technology company that utilizes a petroleum engineered approach to help customers with their wellhead compression, vapor recovery, and gas lift needs. Our industry leading control panel, the “Logix PLC”, monitors all compressor functions resulting in total control to maximize your resources. Flogistix optimizes your existing production resulting in increased cash flow, more proven reserves, and providing a new revenue stream by capturing high BTU gas through our vapor recovery system.

In this first segment of Next-Gen Oil and Gas World, RMR looks at the new technologies bringing revolutionary solutions to today’s industry in a time of transition, the Clean Air Act, and new, stringent statewide mandates to reduce fossil fuels emissions. Between upstream production and midstream gathering, transport, and processing—and the need to stimulate production while lowering emissions—technology once again rises to the top to provide operators new means to operate more productively and cleaner in a next-gen oil and gas world.

Leveraging its screw compressor and PLC technology with vapor recovery, Okla. City-based Flogistix is all about better managing wells to boost more gas production, recoup lost revenues from flaring, and capture methane emissions. The company’s Multi-Stream Compressor System is a single compressor that offers vapor recovery, wellhead compression, casing drawdown, and flash gas production. All of which enables producers to target and control multiple sources of gas at various pressures and monitor those pressures in ounces and pounds. Its vapor recovery units put an end to venting and flaring by capturing emissions up to 1.2 MMCFD with an electric unit that produces zero emissions. With more than 8,000 wellhead compressors in service, this is a technology worth looking into.

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The Money Backers: Turnbridge Capital Partners

The Money Backers: Turnbridge Capital Partners

In RMR’s continuing series The Money Backers, we give readers a glimpse of who’s who and who owns what in energy’s private equity world.  From the largest to the smallest to the newest, we look especially at those firms making hay in the midstream industry to provide the capital infusion required to give growth projects liftoff.

With offices in Dallas and Houston, Turnbridge Capital Partners has carved out a niche in the oil and gas industry with investments exclusively in the energy services and equipment sphere. This private equity firm targets service providers and manufacturers whose customers lie in the upstream, midstream and downstream sectors, and looks for investment opportunities between $25-$100 million.

Turnbridge Capital Partners

Turnbridge Capital Partners is a private equity firm targeting investments in middle-market service providers and equipment manufacturers that sell into the energy and infrastructure industries.

Cimarron Energy

Cimarron is a leading manufacturer of engineered production, process, and environmental equipment for the upstream and midstream energy industries.

Among its nine portfolio companies, Houston-based Cimarron Energy has experienced a serious growth spurt that expands its footprint in emissions control and environmental systems in a big way. With the recent announcement of the company’s second acquisition inside of a year, financial backer Turnbridge is clearly putting its chips on the latest process technologies to reduce emissions across the oil and gas complex.

A quick look:

  • Cimarron in July 2019 acquired Midland, Texas-based Hy-BON/EDI, which specializes in low-pressure gas management systems. According to the company’s history, the founder developed the first vapor recovery unit back in 1952. Today, Hy-BON/EDI’s product offerings include gas booster systems, casinghead pressure reducing units, compressor packages, and VRUs that operate in more than 20 countries.
  • Fast forward to May 2020 and Cimarron’s acquisition of Austin-based Aereon, which engineers flares, enclosed combustors, thermal oxidizers, and VRUs found in more than 46 countries.
  • Combined, the two acquisitions catapult Cimarron Energy from a nationwide supplier to a global provider with offices on four continents and a multi-brand recognition that lifts this 50-year-old manufacturer into the stratosphere.

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Omni Air & Nitrogen Finds a Sweet Spot

Omni Air & Nitrogen Finds a Sweet Spot

For business partners Dee Moorhouse and Kathy Rodriguez, a moment of truth in 2015 would completely rebalance the scales of where and how their company’s services were applied. For years, Midland-based Omni Air & Nitrogen primarily served the upstream industry, where 80% of its business came from E&Ps needing onsite air foam and nitrogen for wells with bottom hole pressure that required drill-outs, cleanouts, dewatering, air drilling, or freeing stuck pipe. Then suddenly, everything changed.

Omni Air & Nitrogen

Omni is a leader in the development of the upstream industry’s most advanced underbalanced systems; including drilling, completions and workovers. They also serve the midstream industry by specializing in pipeline and plant purging and pressure testing.

When commodity prices tanked, budgets dried up, and the phone stopped ringing, both Moorhouse and Rodriguez realized they had to make a serious shift in strategy. And they did. With the demand for new oil and gas infrastructure, Omni Air & Nitrogen swung into action delivering a mighty punch and earning a beyond-stellar reputation for tackling every size of job, no matter where the location. Today, 90% of Omni’s services are applied to midstream operations where the company offers the latest nitrogen membrane technology for pipeline purging, pigging, pressure testing, inerting, commissioning/decommissioning and drying pipelines, and plant purging and pressure testing.

“Our advanced membrane technology is a huge cost savings over liquid nitrogen for pipeline operators and downstream operations because our units produce nitrogen on-site and on-demand at the required volumes with pressures up to 5000 psi,” Moorhouse says. “Our units also offer computer-controlled sensors to monitor purity and 02 levels, so we can adjust on the fly.”

In contrast, liquid nitrogen must first be processed, trucked to the site, then extracted via a tank that pumps the liquid into a heater and returns the nitrogen into gas form. “That gets really expensive,” Moorhouse says. “When you’re talking about large jobs that require high levels of nitrogen, that means multiple transports bringing the liquid to the site, increasing the cost, as well as creating potential logistical issues due to a disruption in the supply chain.”

And Omni knows well about those “large jobs.” When the company recently received a call from a pipeline contractor whose client looked to convert a 525-mile NGL line to a crude line that would require 25,000 SCFM of nitrogen at 600 psi, Omni deployed 16 trucks with equipment, sub-contracted 12 trucks hauling liquid nitrogen, and completed the project several days ahead of schedule.

With a crush of projects ahead for oil and gas infrastructure expansions, hydrocarbon conversions, and pipeline maintenance, Omni Air & Nitrogen serves all producing basins across the U.S. with a fleet of 21 trailers and eight high volume/high pressure membrane systems.

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‘Fullstream’ Ahead for Baker Hughes

‘Fullstream’ Ahead for Baker Hughes

​Perhaps no other oil and gas-related company offers a history steeped in Hollywood glamor, unfathomable riches, intrigue, drama, and reinvention than Baker Hughes. What yesteryear created with the partnership of Baker Oil Tool Company and Hughes Tool Company (which ultimately would be led by eccentric billionaire Howard Hughes), is stuff of legend. But one thing is clear. Among the world’s three oilfield services giants, Houston-based Baker Hughes has never stopped reinventing itself. And it’s paying off.

Baker Hughes

Baker Hughes Company is an international industrial service company and one of the world’s largest oil field services companies. The company provides the oil and gas industry with products and services for oil drilling, formation evaluation, completion, production and reservoir consulting.

Fact is the oil patch has been less than kind to oilfield services companies over the last few years. Contraction in the industry and consolidation through “mergers of equals” have been a battle cry from Wall Street after stinging butt-whips in the E&P sector. The number of rigs to drill-baby-drill peaked in 2014 from 1,609 collapsing two years later to 325. Those numbers have slowly crawled up to 676 as of Jan. 24.

Two of the three oilfield services titans—Houston-based Halliburton and Schlumberger—took a serious belt-beating last year writing down more than $10 billion in losses. Baker Hughes, on the other hand, ended 2019 in the black. This, after waving bye-bye to its hydraulic fracturing products and services and putting its money on manufacturing turbines and LNG equipment, and developing digital oilfield and “clean energy” technologies for exploration and production both on- and offshore. Coming off its separation from GE, Baker Hughes now touts a new brand and a new descriptor as the “first and only fullstream energy services company.” Howard would be pleased.

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