When Worlds Collide

When Worlds Collide

Newly crowned as the world’s richest man, Elon Musk enjoys two great passions—space exploration and the environment. Combining the two might first appear at odds but, hey, when you’re a visionary worth $201.4 billion even the unlikeliest pair can make total sense. Reese Energy Consulting today is following the latest news out of Musk World with the entrepreneur’s announcement to award a lucky winner $100 million for the best carbon capture technology, which Musk will use to produce synthetic rocket fuel. Now, the race is afoot to determine which—if any—of the current tech mixes are prize contenders, but you can bet global engineers with ideas of their own are stockpiling matches and midnight oil. Meanwhile in Texas, Musk and his SpaceX intergalactic enterprise look to drill gas wells on the company’s 806-acre oil lease near its Boca Chica launchpad, with plans to use methane, along with liquefied oxygen, to power engines on the new Starship rocket. The Starship’s first flight to Mars could launch as early as 2024.

 

SpaceX

Space Exploration Technologies Corp. is an American aerospace manufacturer and space transportation services company headquartered in Hawthorne, California. It was founded in 2002 by Elon Musk with the goal of reducing space transportation costs to enable the colonization of Mars.

www.spacex.com

What do you think? Learn more about REC and our natural gas and midstream services here on Planet Earth at www.ReeseEnergyConsulting.com.

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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.

www.turnbridgecapital.com

Cimarron Energy

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

www.cimarron.com

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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In Focus: Saulsbury Industries

In Focus: Saulsbury Industries

Saulsbury is the second in a series of RMR’s In Focus, which follows midstream companies making noise in the oil and gas industry.

Planting new roots has literally been the cornerstone of Saulsbury Industries. What began in 1967 as a tiny electrical services contractor in Odessa, Saulsbury soon expanded both its offerings and footprint to strike where the fire was hot. By 1980, this little ol’ band from Texas became the only outfit in the Permian capable of providing end-to-end engineering, construction, instrumentation and fabrication for midstream and downstream operations.

Saulsbury Industries

Saulsbury is a national leader in providing Engineering, Procurement, Construction (EPC) services to heavy industrial clients across a wide range of industries: Gas Processing & Treatment, Refining, Petroleum/Petrochemicals, Manufacturing, and Terminals/Logistics. Most importantly, we bring our “safety first and foremost” value that has yielded one of the preeminent records for incident-free operations in the construction industry.

www.saulsbury.com

And it didn’t stop there.

With the awakening of the shale revolution, Saulsbury secured projects for some of the nation’s leading oil and gas producers, pipeline companies, gas processors, and refiners, including Occidental, Kinder Morgan, XTO, FINA, and Enogex/Enable. 2019 brought the completion of construction for the Altus Midstream Diamond Processing Complex in Texas, and a contract to build compressor stations for one of the largest midstream operators in North America. But last year also generated an aggressive new growth strategy for Saulsbury—this time looking North.

After conquering the Permian, Delaware and Eagle Ford, Saulsbury has fixed its eye on the DJ, Powder River and Bakken, opening offices in Colo., and Wyo., and now North Dakota. With 12 locations to its name, Saulsbury is setting its bar high and dry for safety and integrity excellence, and a well-earned reputation that’s yielded repeat business. All this with the same West Texas “can do” spirit that tends to take root wherever it’s planted.

What do you think?

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