Thigpen Energy, Recapture Solutions and Flex Leasing Power unite to form TRF Energy Solutions
THE WOODLANDS, Texas, Dec. 9, 2014 /PRNewswire/ -- Thigpen Energy, Recapture Solutions and Flex Leasing Power and Service (FLPS) are pleased to announce that they have merged to become TRF Energy Solutions. TRF offers a comprehensive suite of natural gas solutions including remote power, natural gas fueling and flare reduction to customers across the continental United States. Thigpen is a well-established leader in "all-fuels" natural gas fueling for high horsepower and industrial markets. Recapture offers flare reduction and natural gas liquids (NGL) capture solutions. FLPS offers remote power generation services.
"The combined company will offer customers a natural gas solution that is more comprehensive than any other on the market today. With the ability to capture flare gas, use the processed gas for high-horsepower fuel and provide natural gas generator power to the site upon well completion, TRF is positioned to service the well-site from drilling through production," said Sam Thigpen, CEO of TRF. "Additionally, we can provide power and natural gas fueling solutions to industrial, mining, agriculture and other markets outside of the oilfield."
TRF is based in The Woodlands, Texas and has operating locations in the Gulf Coast, Rocky Mountains, Permian Basin, Eagle Ford Shale, Williston Basin, Mid-Continent and Appalachia. TRF is backed by Intervale Capital ("Intervale"), an energy-focused private equity firm.
"We plan to accelerate our growth by offering a comprehensive suite of natural gas and all-fuels solutions. Our work in flare mitigation will help TRF's customers address regulatory changes and new standards for operations," commented Jason Arnoldy, president of TRF. "The combination of Recapture's mobile natural gas processing services with FLPS's turbine generators and Thigpen's reputation for providing turnkey natural gas fueling services and expertise will allow TRF to offer comprehensive and innovative natural gas solutions as the industry transitions to more efficiently utilize one of our most economic and abundant resources."
"With the formation of TRF, our offering of turbine generators has been expanded to include reciprocating generators. Broadening our product portfolio will allow us to offer economic solutions for a broader range of projects," said Doug Baltzer, president of power for TRF. "We now have a complete solution, given our ability to fuel our generators with LNG, CNG or field gas."
"We look forward to supporting the TRF management team as it enters a period of rapid growth and expansion," said Charles Cherington, managing partner at Intervale Capital.
TRF recently completed construction of a new 20,000-square-foot fabrication facility in Spring, Texas, which will open in late December 2014. The facility will fabricate equipment for internal use, as well as provide an outsourced fabrication solution for TRF's customers.
About TRF Energy Solutions:
Based in The Woodlands, Texas, TRF Energy Solutions offers a comprehensive suite of natural gas solutions including remote power, natural gas fueling and flare reduction to customers across the continental United States.
About Intervale Capital:
Intervale Capital is an energy-focused private equity firm with offices in Boston and Houston. Intervale invests exclusively in middle-market oilfield services and manufacturing companies and related technologies. The firm has raised $1.2 billion of committed capital since its inception in 2006 and is currently investing from its third fund. Intervale portfolio companies include Team Oil Tools (completions equipment and services), Aegis Chemical Solutions (production chemicals and water treatment), Allied Oil & Gas Services (cementing and acidizing services), Antelope Oil Tool (casing and cementing products), Certus Energy Solutions (diversified oilfield rental equipment), Energes Oilfield Solutions (well flow control, water transfer and safety services), Epic Lift Systems (artificial lift), Tier 1 Energy Solutions (Canadian wireline and completions) and American Disposal Services (oilfield waste solutions).
http://www.intervalecapital.com
Contact:
Bill Baumann
VP of Sales & Marketing, TRF Energy Solutions
(720) 636-4529
[email protected]
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SOURCE TRF Energy Solutions
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