Intervale Capital

Intervale Investments

Intervale Capital provides the funding, expertise, and resources to help companies achieve extraordinary results. We seek promising companies to which we can add value by introducing best practices management and optimizing strategy.
Casedhole Solution, Inc. Weatherford, Oklahoma
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Casedhole Solutions, Inc.    Weatherford, Oklahoma

Casedhole Solutions offers a comprehensive suite of wireline services to its customers, including well perforation, completion and pipe recovery services. The company serves major oil and gas fields out of operations in Weatherford and McAlester, OK; Bossier City, LA; Williston, ND; Vernal, UT and Decatur, TX. Casedhole enjoys a broad customer base of exploration and production companies and has particular expertise in high-temperature and high-pressure wells.

Intervale acquired a majority equity interest in Casedhole in June 2008.

Galathea Group, Inc. Houston, Texas
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Galathea Group, Inc.    Houston, Texas

Galathea is the unifying force behind a diverse group of technologically innovative oilfield services companies. Galathea is currently comprised of Gilmore Valve, Hydrafit Subsea and Argus Subsea. Two major firsts will be the commercial launch of an innovative subsea tree developed by Argus that focuses on marginal field developments, and a new IWOC deep water system created by Hydrafit Subsea. Galathea has more than 150 employees working out of its offices in Houston, Texas and Aberdeen, Scotland. Prior to January 2009, Galathea was known as AESI Holdings, Inc.

Intervale invested in Galathea (then AESI) in March 2008.

Proserv Group AS Stavanger, Norway
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Proserv Group AS    Stavanger, Norway

With operations across the globe, Proserv Group is dedicated to providing critical products and services to its oilfield customers. Proserv has several operating divisions, consisting of well abandonment and decommissioning, instrumentation and calibration, oil and gas sampling, testing and controls and specialty machining services.

Intervale acquired a 45% equity interest in Proserv in July 2009.

Tejas Research & Engineering, LP The Woodlands, Texas
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Tejas Completion Solutions    The Woodlands, Texas

Tejas was formed in September 2000 by Thomas Hill and key members of Schlumberger’s Camco completions engineering team to create an innovative completions company and develop API-14A subsurface safety valves. Tejas’ engineering team consists of thirteen engineers and designers with an average of over twenty years of experience in the industry. The company’s completions offerings include: down-hole packer and wellbore isolation products, multi-stage T-Frac® packer systems, standard and premium sand screen products, inflow control devices, API-6A Merla® production chokes and Hemiwedge® flow control valves, as well as various gas lift and chemical injection valves. Tejas is based in The Woodlands, Texas, and has manufacturing facilities in Houston, Texas, and Tulsa, Oklahoma.

Intervale acquired an equity interest in Tejas in July 2008 and backed the company’s acquisition of Team Oil Tools in June 2009.

Ulterra Drilling Technologies™
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Ulterra Drilling Technologies™    Fort Worth, Texas

Ulterra Drilling Technologies manufactures and sells Roller Cone and polycrystalline diamond crystal (PDC) drill bits for the oil & gas drilling industry. In addition, Ulterra manages a fleet of downhole rentals tools called Torkbuster, which optimizes drilling performance with PDC bits.

In December 2007 Ulterra acquired United Diamond, a leading manufacturer of drilling products headquartered in Alberta, Canada.

AccelBeam Energy, Inc. Philadelphia, Pennsylvania
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AccelBeam Energy, Inc.    Philadelphia, Pennsylvania

AccelBeam was founded in 2006 to commercialize high power microwave (“MW”) technology for applications coal processing. AccelBeam’s principals (Dr. J. Hayden Brownell, Dr. Stan Zhilkov and Dr. Alexei Smirnov) are leading authorities in high power MW technology. The Company’s existing technology partners include ENIN, an energy institute in Moscow, Russia, and the Consortium of Microwave Science in Kharkov, Ukraine. AccelBeam Energy offers game-changing, lower-cost solutions for coal drying, coal ignition and coal gasification. The applications enhance the economic value of low-grade coals and reduce harmful emissions, providing a cleaner solution for coal-fired power plants.

Intervale acquired an equity interest in AccelBeam in May 2009.

Soane Energy LLC Cambridge, Massachusetts
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Soane Energy LLC    Cambridge, Massachusetts

Soane Energy holds a portfolio of technologies with applications throughout the oil and gas industry. Soane offers a low-cost solution to clean up tailings produced in association with oil sands extraction. Soane’s tailings treatment formulations permit the separation of water and solids from the tailings effluent with minimal residue. The water in the tailings can then be recycled directly back into the process, decreasing the overall water consumption and cost for oil sands processing. Soane Energy’s tailings technology is derived from readily available, inexpensive raw materials to provide a “plug-in” solution that protects the environment, facilitates resource conservation, and improves efficiency for the burgeoning oil sands processing industry.

Intervale acquired an equity interest in Soane in February 2009.