Current Investments

We invest in the next generation of breakthrough energy technologies by identifying and living the patterns that make for successful investments.

 

Fund VI Investments

ResFrac

Investment: 
2018

ResFrac has built the first 3D, cloud-based, fully-integrated fracture / reservoir simulator sold to oil and gas operators as a SaaS solution. Fracture simulation is used to predict fracture geometry and proppant placement from fluid injection, while reservoir simulation is used to describe multiphase flow and long-term fluid production. Using advanced physics and patent-pending algorithm combinations, ResFrac combines the two, with a primary focus on optimizing fracture and field development in shale plays, dramatically shortening the ‘trial and error’ learning curve of unconventional development. The company is headquartered in Palo Alto, California.

Seeq

Investment: 
2017

Seeq is the market leader providing browser-based software that enables operations personnel to get more value out of industrial process and time-series data. Key features include the first easy-to-use advanced data visualization tools, automated data cleansing, effective subject matter expert knowledge share and capture, and the ability to quickly create and manipulate time-series data objects. Customers using Seeq experience faster time to insight, achieving results in minutes that replace days and weeks of wrangling and manipulating data sets found in historians and other silos. Seeq is based in Seattle, Washington.

Agile Upstream

Investment: 
2017

Agile Upstream has developed a SaaS solution, Agile Land Solutions (“ALI”), to read and extract provisions, obligations and data from leases and other oil-and-gas-specific documents using a combination of artificial intelligence and optical character recognition technology. ALI’s primary use case is in E&P mergers, acquisitions and divestitures, dramatically reducing the costs associated with contractors who are brought on board to sift through areas of risk in potential acquired leases as well as areas requiring flagging in already acquired leases. Agile Upstream is based in The Woodlands, Texas.

FlexGen Power Systems

Investment: 
2015

FlexGen Power Systems provides innovative hybrid power products for a range of oil and gas applications, including drilling rig and production power. The company’s core technology enables the replacement of traditional combustion power generation with a product called the Solid State Generator (“SSG”), which combines software, high-efficiency power conversion and advanced energy storage.  FlexGen’s SSG units have been successfully field tested in the U.S. military and oilfield delivering meaningful fuel, maintenance and emissions savings. FlexGen Power Systems is headquartered in Houston and has a R&D facility in Durham, North Carolina.

Infrastructure Networks

Investment: 
2013

Infrastructure Networks is a developer of proprietary 4G LTE wireless networks that enable the Industrial Internet of Things (IIoT) for machine-to-machine communications in critical infrastructure industries such as oil and gas exploration and production. Founded in March 2011, Infrastructure Networks has been rapidly expanding its holdings by acquiring licensed 700 MHz broadband spectrum. To date, those holdings cover more hundreds of thousands of square miles in the Permian Basin in Texas and New Mexico, the SCOOP / STACK in Oklahoma, the Bakken Shale in North Dakota, the Eagle Ford Shale in Texas and Eastern Kern County in California.