News from GTUIT
By: Barrett D. Carlson :: December 5, 2016
GTUIT, one of CapX Partners' portfolio companies, is making news by teaming up with Liberty Resources to reduce flaring. Following is the press release announcing the details.
Billings, Montana, USA - GTUIT®, LLC announced today that the firm has been providing Liberty Resources, LLC natural gas liquids (NGL) recovery and flare reduction services since June 2016. GTUIT has provided up to 4,500 MCFD of processing capacity at four well locations. GTUIT's gas processing helps Liberty Resources reduce air emissions and meet the State of North Dakota Industrial Commission Flaring Reduction requirements.
The GTUIT mobile and modular gas processing units remove the NGLs, which GTUIT markets, and the conditioned gas is used as fuel for Alcor Energy Solutions Mesa, AZ turbine power generator. The Alcor units not only provide power for the GTUIT equipment but also power the well site, reducing Liberty Resources operating expenses.
"We are glad that we can assist Liberty Resources reach and exceed their flaring reduction target. Our services help them bridge the gap until their midstream capacity comes on line as well provide gas processing in producing areas that are stranded. In these current market conditions it is great to be able to assist another Bakken producer" said Brian Cebull, President and CEO of GTUIT.
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| GTUIT Flare Capture and NGL Recovery Unit Powered by Alcor Energy Solutions Turbine Generator |
Larry Griffin, Vice President of Operations for Liberty Resources said "GTUIT provides NGL recovery and flare reduction that allows us to continue development and grow production. Liberty Resources is proud of our ability to bring innovation in all facets of our operations while protecting the environment."
As a Partner at CapX Partners, Barrett is responsible for capital markets, business development and investor relations.
With a background as an entrepreneur, Barrett enjoys trying to help clients grow their own business with the solutions provided by CapX. Barrett began his career working in the manufacturing and distribution industries, which gave him a strong understanding of many of the issues facing CapX’s clients.
Prior to joining CapX in 2004, Barrett was a Partner in...