White Deer

We're excited to announce the successful closing of a $243 million continuation vehicle for White Deer’s investment in Flogistix, LP, a leader in methane capture and production optimization. Led by GCM Grosvenor and a consortium of new institutional investors, this continuation vehicle provided liquidity to existing investors while enabling others to continue their investment in Flogistix. Flogistix’s innovative technology captures methane and other vapors from crude oil before being vented or flared into the atmosphere, reducing greenhouse gas emissions and helping operators increase production volumes. During White Deer’s ownership, Flogistix has achieved over 4x EBITDA growth and we continue to be excited for its future growth potential. This oversubscribed fund signals strong investor confidence in Flogistix's future, while providing an attractive return for investors who elected to take liquidity. We look forward to seeing what the future holds for this innovative company. https://lnkd.in/gypZNr4u

Last week, White Deer employees volunteered with Literacy Now, a Houston organization dedicated to empowering children and families through literacy and life skills. Reading to kindergarten and first-graders, we witnessed their enthusiasm for stories, a powerful reminder of the impact early literacy education can have. Founded in 2006, Literacy Now has grown from serving a single school to impacting over 2,500 children and their families across Houston. They provide essential tutoring, mentoring, and other programs, fostering a passion for learning and setting students on the path to success. We are proud to partner with such a dedicated organization. Together, we can make a lasting difference in the lives of these young learners.

LongPath Technologies Poised to Revolutionize Methane Emissions Monitoring with $189M DOE Loan We're thrilled to share the news of LongPath Technologies, Inc. securing a $189 million conditional loan from the U.S. Department of Energy (DOE) to build a groundbreaking network of 1,000 real-time methane monitoring stations across three major US oil and gas basins. This project leverages Nobel Prize-winning laser technology and aims to cover 25 million acres across the Permian, Denver-Julesburg, and Anadarko basins. LongPath's innovative technology holds promise for both environmental protection and industry advancement, and we're proud to support their journey. #methaneemissions #sustainability #innovation https://lnkd.in/gNN66wKP

Exciting news from the White Deer portfolio: Deep Well Services has embarked on a joint venture with the RTE Group, launching HH Energy Services in Saudi Arabia. This collaboration introduces advanced HCU & BoreSite Technology to the region, revolutionizing shale completion and workover interventions. This venture is a testament to Deep Well’s innovative spirit and global expansion efforts. As Mark Marmo, CEO of Deep Well Services, expresses, this is just the start of an impactful journey for the teams involved. Congratulations to Deep Well on this exciting development. We eagerly anticipate the successes HH Energy Services will bring to the Middle East. #JointVenture #Innovation #GlobalExpansion

A Milestone Achievement: Extract Companies Joins NOV We are proud to announce that Extract Companies, a White Deer portfolio company, was acquired by NOV on January 30, 2024. Since our initial investment in 2017, Extract has grown from a greenfield start-up to a leading pure-play production optimization solutions provider. We celebrate the Extract team for the success they have demonstrated over the course of our partnership. To read NOV's full Q4 report, visit: https://lnkd.in/gPxcmtX2