Apr 22 2014
Broadleaf Capital Partners, Inc. announced today that it will offer a new service to the oil and gas production community that will provide wireless monitoring of oil and gas wells using a breakthrough technology that allows producers to significantly lower the cost of operating wells from today's industry standards.
The technology being utilized eliminates the necessity of daily "pumper duty" to check on production of oil at the wellhead, and wellhead data can easily be accessed by iPhone, iPad or other similar wireless device.
Damon Wagley, President of Broadleaf Capital, commented, "Our new wireless remote monitoring service is truly a game changer for the oil & gas production industry, in particular for the smaller independent operators. It is both time consuming and expensive to physically send crews out to check on producing wells every day. This new wireless remote monitoring system will allow immediate notification reports to be sent to oilfield operators concerning production problems needing attention, quantities of oil & gas produced daily, wellhead pressure, temperature, and a variety of other factors that can adversely affect oil and gas production on a 24/7 basis. It will even allow wireless remote adjustments to pumps and quantities produced, without needing a crew on site. Operators will only need to send crews out when needed, and routine tasks may be handled electronically instead of by a crew physically at the site. Most importantly, we should be able to offer this service at a significantly lower monthly cost than has previously been available to the oil and gas production community. We are currently designing the specifications for retrofitting wells currently serviced by our subsidiary, Texas Gulf Exploration and Production, and look forward to launching this wireless remote well monitoring service to other operators after installation and comprehensive testing is completed on those wells."
About Broadleaf Capital Partners:
Broadleaf Capital Partners, Inc. targets unique, promising technologies we believe can improve business growth and profitability, with a particular emphasis on energy markets. We apply those technologies by incubating promising companies with innovative business plans that can utilize these technologies to drive business growth and bottom line performance. We also support our companies in obtaining necessary working capital financing to finance their growth, and in select cases, we will make direct loans and/or equity investments in our own subsidiary companies as well as consider minority investments in non-wholly owned subsidiaries. In the future, we intend to monetize our investments in these companies either by outright sale, or spin off of the company's shares into the public markets.
Source: Broadleaf Capital Partners, Inc.