By a News Reporter-Staff News Editor at Energy Weekly News -- Intervale Capital ("Intervale"), an energy-focused private equity firm, has capitalized a new platform company called Energes Oilfield Solutions ("Energes" or the "Company"). The Company's growing service suite includes flowback and well-testing, H(2)S monitoring and safety services, and water transfer. Headquartered in Houston, Texas, Energes has two field locations in South Texas and a third in development in West Texas.
Gary Coates, previously a Vice President at Tetra Technologies, serves as Energes' President and Chief Executive Officer. Gary brings over 25 years of oilfield experience to the Company and has recruited a team of veteran operational and sales professionals. Mr. Coates commented, "We see a huge opportunity to turn Energes into a leading well flow management business. Since its inception, Energes has received an overwhelmingly positive reception from its customers. We look forward to supporting our customers' growth in several new basins this year."
As part of its formation, Energes purchased the assets of Mesa Safety Solutions, a provider of Hydrogen Sulfide (H(2)S) monitoring, safety training, and water transfer services. Mesa was founded in 2001 by James Brymer and is headquartered in Jourdanton, Texas. Mesa's operations serve as the basis of Energes' safety and water management operating divisions. Mr. Brymer remarked, "I am thrilled to partner with Energes to take our business to the next level. Safety and water management complement well testing and flowback operations, so we can now provide our customers with a more comprehensive service offering."
Erich Horsley, Partner at Intervale, added, "We are excited to take Energes into new basins across North America. Gary's extensive experience, technical expertise, and relationships in the oilfield will be tremendously beneficial as Energes executes its growth strategy. We are committed to supporting the company's long-term geographic and product line expansion."
Keywords for this news article include: Energy, Oilfield, Oil & Gas, Intervale Capital.
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