current news
news archive

 

 


Altira Closes New Fund

Altira Group ("Altira") is pleased to announce the final closing of Altira Technology Fund VI LP ("Fund VI") in a partnership with a select group of US super independent oil and gas companies and private institutional investors with deep energy backgrounds. Fund VI was formed with a strategy of actively collaborating with oil and gas companies as investment partners. With approximately $30 billion in combined annual capital spend, Altira's industry partners will help validate products and services, and serve as prospective customers for the fund's portfolio companies.

  Read Complete Article >





April 8, 2014 Microseismic Wins Downhole Monitoring Project Utilizing EventPick Technology in Permian Basin
 

HOUSTON, TX – April 8, 2014: MicroSeismic, Inc. (MicroSeismic) announced today that it has signed its first downhole hydraulic fracture monitoring contract in the Permian Basin since acquiring downhole acquisition equipment earlier this year. The project will take place on the heels of similar ongoing projects in other North American basins. The project includes downhole monitoring in conjunction with MicroSeismic’s proprietary EventPick processing technology.  [Read more]


March 17, 2014 Altira Closes New Technology Fund VI LP in Partnership with U.S. Oil and Gas Super Independents
 

DENVER, March 17, 2014 /PRNewswire/ -- Altira Group ("Altira") is pleased to announce the final closing of Altira Technology Fund VI LP ("Fund VI") in a partnership with a select group of US super independent oil and gas companies and private institutional investors with deep energy backgrounds. Fund VI was formed with a strategy of actively collaborating with oil and gas companies as investment partners. With approximately $30 billion in combined annual capital spend, Altira's industry partners will help validate products and services, and serve as prospective customers for the fund's portfolio companies.  [Read more]


Feb. 24, 2014 Transzap Announces Strategic Equity Partnership with ACCEL-KKR
 

DENVER and HOUSTON − February 24, 2014 - Transzap, Inc. the provider of Oildex, smart information management solutions for the oil and gas industry, announced today it has received a majority equity investment to support its strategic growth from Accel-KKR, a leading technology-focused private equity firm. The new partnership enables Oildex to make continued investments in its customers, existing solutions, new product development initiatives and market expansion.  [Read more]


Feb. 18, 2014 Foreign Firms Investing in U.S. Shale
 

Of the $133.7 billion spent on U.S. shale ventures between 2008 and 2012, joint ventures with international partners accounted for about $26 billion — roughly 20 percent.  EIA said the activity, “highlights a renewed trend toward foreign joint ventures” as the recent domestic energy boom — propelled by advancements in drilling technology — has drawn interest from abroad.

In 2008, foreign investors struck deals in U.S. shale plays worth about $2 billion over their lifetimes. That figure spiked to about $9 billion in 2010, and hit around $7.5 billion in 2012.  [Read more]


Feb. 18, 2014 Transzap Celebrates Milestone Anniversary with Record-Breaking Customer Adoption and Yearly Revenue Growth
 

DENVER and HOUSTON − February 18, 2014 - Transzap, the parent company of Oildex, the innovator of smart information management solutions for the oil and gas industry, is celebrating its 15-year anniversary and a record-breaking year of customer adoption and revenue growth.

Since 1999, Oildex has delivered SaaS solutions proven to dramatically improve accounting processes for the North American oil and gas industry.  [Read more]


Feb. 6, 2014 Large U.S. Independent Oil and Gas Company Signs Five-Year EPayables Agreement for Transzap's Spendworks
 

DENVER and HOUSTON − February 6, 2014 - Transzap, the parent company of Oildex, the innovator of smart information management solutions for the oil and gas industry, announced today it has reached a five-year agreement with WPX Energy, Inc., to deploy Oildex’s Spendworks product throughout their business. This sale sustains healthy momentum for Spendworks in the marketplace and the overall positive financial performance of Oildex. [Read more]


Jan. 7, 2014 Microseismic, Inc. Gives Pediatric Patients at Children's Memorial Hermann Hospital the Gift of Hearing This New Year
 

"With the cost of hearing aids starting around $1,000, many families are unable to afford the cost to correct their child's hearing," said Soham Roy, M.D., director of pediatric otorhinolaryngology for Children’s Memorial Hermann Hospital and associate professor at UT Health Medical School. “Hearing loss can have a detrimental impact on a child’s development, affecting speech and language skills and leading to possible learning problems, social isolation and poor self-esteem. Fortunately, with generous donations from companies like MicroSeismic, children who have fallen through the cracks now can overcome obstacles resulting from hearing impairment.”

As the leading provider of microseismic-based completions evaluation services for unconventional drilling, MicroSeismic is a company that understands the importance of sound clarity. MicroSeismic comes from the word microseism, which is defined as a feeble, recurrent vibration of the ground recorded by seismographs.  [Read more]

 
Copyright 2011. Altira Group LLC. All rights reserved. legal privacy contact site map