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Detechtion Technologies and Enbase Combine to Power the Digital Oilfield

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Detechtion Technologies and Enbase Combine to Power the Digital Oilfield Through Leading Industrial IoT, Mobile, and Analytics Solutions

• Shared vision to address industry challenges
• Fully integrate companies to accelerate innovation and deliver superior solutions
• Enbase co-founder Virgil Haney to join Detechtion Board of Directors

Houston, Texas – (October 17, 2016) – Detechtion Technologies, the world leader in compression fleet optimization and a portfolio company of Element Partners, announces that it has completed a majority investment in Enbase LLC, a world leader in field automation, mobile applications and predictive analytics for the oil and gas industry. This merger creates a company that will deliver an Industrial IoT platform to remotely monitor, control and optimize processes and equipment across the oil field. The companies will fully integrate and operate under the Detechtion name.

Shared Vision to Address Industry Challenges
The oil & gas industry is faced with increasing production and lowering operating costs, all while addressing increasing regulatory requirements. These challenges have created tremendous pressure on the entire oil and gas supply chain. Detechtion and Enbase addressed these challenges separately, each with their unique product approaches.

Founded in 2009, Enbase addresses industry challenges with field automation and mobility solutions that deliver actionable information. Their cloud-based solution leverages that information to enable exception-based management and predictive analytics. Today, Enbase is a market leader in telematics and control for well-head chemical injection and compression assets.

Detechtion is a developer of proprietary algorithms, which working in tandem with simulations, identify opportunities to reduce operating costs and increase production of compression assets. Established in 1999, Detechtion has grown into the market leader in predictive analytics and simulation for compression fleets through its Enalysis™ software.

Fully Integrate Companies to Accelerate Innovation and Deliver Superior Solutions
Industry challenges cannot be addressed with disparate systems. Users expect solutions that integrate hardware, communications, software and mobile capabilities for actionable information. By building upon their existing products, the combined entity will continue to innovate and deliver solutions needed to power the digital oilfield.

Chris Smith, Chief Executive Officer of Detechtion said. “Through this combination, we immediately become the market leader of end-to-end solutions encompassing control, telematics, mobile, and predictive analytics in the oil and gas industry. The Enbase team has done a fantastic job of building solutions and delivering exceptional service and we look forward to their continued contributions.”

The combination will create an unparalleled Industrial IoT platform for oil & gas that includes:

● Cutting-edge field automation that combines control, telematics, configurable logic and analytics
● Mobile solutions to automate work processes and enable collection of non-digitized data
● Cloud-based analytics platform that transforms the data into actionable business intelligence
● Simulation solutions that answer “what-if” questions to optimize asset performance
● Engineering and professional service capabilities enabling customers to fully leverage our solutions
● All products will be available stand-alone to minimize disruption to the current customer base

Virgil Haney, co-founder of Enbase and Chief Technology Officer at Detechtion said, “We are excited to join the Detechtion team and will continue to provide our existing, world-class products and services to our chemical automation and leased compression customers. Looking forward, we are particularly excited about the opportunity to expand our offerings, bringing even more value to our customers.”

To fully leverage the combined experience of both companies, Enbase executives Virgil Haney, Colin Hendricks and Eric Neason will join the Detechtion executive team. Mr. Haney will also become a member of the Detechtion board. All three will continue to be significant investors in the combined company. The corporate headquarters will be in Houston, Texas, and the Canadian headquarters will continue to be located in the current Detechtion offices in Calgary, Alberta. The combined company serves well over 100 customers and manages tens of thousands of assets.

About Enbase
Enbase is an oil and gas technology company focused on field automation, mobile applications, predictive analytics, and operate-by-exception solutions. Headquartered in Houston, Texas and serving E&P, midstream and energy service companies world-wide, Enbase is the company that Powers the Digital Oilfield. For more information about Enbase and its industry-leading solutions visit www.enbasesolutions.com.

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Detechtion Technologies Eliminates Over 600,000 Metric Tons of CO₂ Emissions Every Year

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Detechtion Technologies, the world leader in compression optimization and fleet management, announced today that a recent study showed that it enables its customer base to eliminate over 600,000 metric tons of CO₂ emissions on an annual basis through ongoing compressor optimization. Using Enalysis™, Detechtion customers are able to look for inefficiencies in compression fleets that, when acted upon, lead to less power consumption to move the same amount of natural gas.

As more companies strive to reduce their carbon footprint due to tightening regulations from province, state and federal agencies, oil and gas production and midstream companies must find ways to deliver natural gas to the market in more efficient ways. Compressors that are configured sub-optimally waste power leading to unnecessary CO₂ emissions. Finding low cost, high impact opportunities for efficiency gains not only saves the environment from those extra greenhouse gas emissions, but the companies enjoy the added benefit of reducing expenses through reduced carbon levies, fuel gas and/or electricity usage.

According to the Environmental Protection Agency, the typical passenger vehicle emits about 4.7 metric tons of CO₂ per year. The reduction in CO₂ emissions enabled and acted upon by Enalysis™ users results in the equivalent of eliminating more than 130,000 passenger vehicles from North American roadways.

Mike Hill, SVP of Sales and Marketing for Detechtion, said “The primary value we bring our customers is through identifying opportunities to increase utilization in compression fleets, but just as importantly, we also detect opportunities to increase efficiencies and save power consumption leading to lower CO₂ emissions without sacrificing production. When asked recently how Detechtion helps companies reduce their carbon footprints, I was pleased to commission a study by our engineers to quantify just how much we were helping to affect this increasingly important metric.”

Detechtion Technologies Announces Latest Release of Enalysis™

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Detechtion Technologies Announces Latest Release of EnalysisTM

Detechtion Technologies, the world leader in compression optimization and fleet management, announces the release of EnalysisTM 3.15. This release includes functionality to enable our customers to better track equipment failures and causes, along with enhancements to improve navigation of our web-based software.

In the challenging current environment of low oil and gas prices, our customers and prospects are more focused than ever on assuring compression equipment runtime, availability and reliability. Tracking these equipment metrics requires capturing scheduled and unscheduled downtime. As the one-stop shop for compression management, EnalysisTM now automatically calculates equipment downtime, and enables operators to classify that downtime into scheduled and unscheduled categories along with capturing the associated downtime reasons. A complementary set of reports aids operators in tracking runtime, availability and reliability at the fleet, area, field and machine level, along with a corresponding summary of total downtime hours by reason across the fleet.

This version of Enalysis also introduces user favorites, which streamlines navigation to key activities and equipment within the software.

Gerry Conroy, SVP of Product and Portfolio for Detechtion, said “We are delighted to deliver this new release of EnalysisTM to the market. In the current challenging low commodity price environment, our customers are focused on measuring and maximizing the amount of oil and gas that gets sold to the market. Supporting further insight into equipment downtime is an obvious complement to our to our industry leading Asset Performance Management (APM) capabilities. These enhancements will dramatically improve our customer’s ability to track, measure, and ultimately improve the most critical measures of reliably getting production to the market. At the same time, our continued investment into software usability and minimizing the number of clicks is an investment in time-savings for our end users. Through challenging industry times Detechtion continues to strongly invest in our software solution to enable our customers to achieve best-in-class asset performance.”

About Detechtion Technologies

Detechtion Technologies is the world leader in compressor fleet optimization for natural gas fleet operators that are committed to improving the efficiencies of their compressor fleets and the people that service them. Using Enalysis™, Detechtion’s customers are better able to increase revenues, decrease costs, and accomplish best in class asset management. Through its compression training segment, Detechtion has trained over 9000 operators, mechanics, foremen, superintendents, and engineers. Currently, Detechtion provides predictive analytics and optimization services for approximately 20% of active compression horsepower in North America, including client relationships with 15 of the top 25 North American independent gas producers.