HOUSTON, June 20,
2024 /PRNewswire/ -- Global Energy Capital ("GEC")
and White Deer Energy ("White
Deer") are pleased to announce the formation of Flowco, Inc.
("Flowco"), creating the shale industry's leading provider of
production optimization and artificial lift solutions.
Headquartered in Houston,
Texas, Flowco has approximately 1,300 employees located in
every major productive region of the domestic oil and gas industry,
and a growing international presence. Flowco provides
patent-protected products and services that are vital throughout
the 30-year lives of producing wells, including high pressure gas
lift, traditional gas lift, plunger lift, vapor recovery and a
variety of digital technologies.
"Flowco combines the strengths of three market leaders in the
production optimization industry – Flowco, Estis, and Flogistix
have each developed technologies that provide the world's leading
energy producers with mission critical products required to
optimize today's oil and gas fields," said GEC's Managing Partner,
Jonathan Fairbanks. "Our partnership
with White Deer paves the way for
Flowco's continued growth and innovation in the sector."
"The merger forming Flowco represents a strategic alignment with
GEC to form an industry leader in the production optimization and
artificial lift solutions sector," said White Deer co-founder, Ben Guill. "By uniting our three companies, each
expert in their field and in complementary lines of business, we
can offer comprehensive solutions for clients throughout the entire
lifecycle of an oil and gas well. We look forward to working with
GEC and our employee partners on the next phase of Flowco's
development."
About GEC
GEC invests in innovative energy technology and software
companies driving transformation to meet the rising demand for
cleaner energy. Since its founding in 2008, GEC has completed 21
platform investments and add-ons, and created over $1 billion of equity value for its investors. For
more information, please visit www.geclp.com
About White Deer
White Deer is a private equity
firm that invests in products and services businesses in the
energy, industrials, and infrastructure end markets. The firm
relies on a thematic, research-based investment approach and deep
industry knowledge to create sustained value for its companies,
investment partners, and employees. The firm, which is based in
Houston and New York, has raised nearly $3.0 billion of committed capital since its
founding in 2008. For more information, please visit
www.whitedeerenergy.com
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SOURCE White Deer Energy