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SCF Ventures Announces Partnership with Kinetic Upstream Technologies
SCF Ventures leads the Series A investment round of growth equity into Kinetic Upstream Technologies, a leading designer and manufacturer of innovative automated steering technologies for the unconventional market.
HOUSTON – August 8th, 2018 – SCF Ventures is proud to announce a growth equity investment in Kinetic Upstream Technologies. This investment will enable Kinetic Upstream to commercialize its unique rotary steerable system (RSS) design and enable its roadmap to achieve a vision of accurate and automated well placement, using a simplistic design, resulting in a cost-effective solution to operators.
Kinetic Upstream, founded by Jeff Lasater and George Sutherland, who previously created and commercialized one of the first rotary steerable tools to be run anywhere in the world. Jeff Lasater notes, “Kinetic Upstream’s new rotary steerable system enables high dogleg capabilities while also providing a game-changing low-cost, field-serviceable solution.” SCF Ventures is proud to participate in the building of such a promising automated steering platform.
SCF Ventures is an early stage investment vehicle within SCF Partners, focused on new products and technologies in the energy service sector. SCF Ventures provides differentiated capital to young promising oilfield service companies.
ABOUT SCF:
SCF Partners, headquartered in Houston, Texas, with offices also in Aberdeen, Singapore, and Calgary, is a private equity firm focused solely on building energy services, equipment, and technology companies. SCF has completed more than 400 energy services investments and helped build 17 public companies in its nearly 30-year history. SCF partners with operational management and assists with additional growth through acquisitions and geographic expansion initiatives to build leading companies across the globe. Current investments from active funds include Nine Energy Service (NYSE: NINE), Select Energy Services (NYSE: WTTR), Forum Energy Technologies (NYSE: FET), NESR (NASDAQ: NESR), Centurion Group, as well as a group of others.