Altira Group

Altira Group is a private equity and venture capital firm based in Denver, Colorado, founded in 1996 by Dirk McDermott. The firm specializes in investing in oil and gas service and technology companies, focusing on businesses that demonstrate a competitive advantage in these sectors. Altira collaborates with a select group of U.S. super-independent oil and gas companies, which provide valuable insights during the investment process and support the growth of portfolio companies by acting as significant customers. As a Registered Investment Adviser, Altira Group aims to drive innovation and efficiency within the energy industry through its targeted investments.

Sean Ebert

Senior Partner

Marc Gulley

CFO

Dirk McDermott

Founder and Managing Partner

Past deals in Oilfield Services

ResFrac

Seed Round in 2018
ResFrac Corporation develops hydraulic fracturing and reservoir simulation software tailored for the exploration and production industry. Founded in 2018 and headquartered in Palo Alto, California, the company offers a comprehensive solution that models the entire well lifecycle, from treatment to production. Its software enables clients to simulate multi-phase flow and long-term fluid production, allowing for accurate predictions of fracture geometry and proppant placement during fluid injection. In addition to its software offerings, ResFrac provides professional services that leverage its technology, enhancing the operational efficiency and capital returns for upstream oil and gas producers.

Beyond Compliance

Venture Round in 2007
Beyond Compliance was established to help energy companies manage regulatory and corporate compliance by improving the workflow between field operations and corporate office. The company’s Integrated Compliance Management System® (ICMS) provides field workers with appropriate tools to improve inefficient paper-based data gathering methods including; production data collection, field inspections, worker competency and safety management, incident tracking, and vendor management. Once collected, data is interpreted and can me made available in real time to help office personnel report deficiencies and manage corrective action.

RigNet

Series C in 2005
RigNet, Inc. specializes in providing remote communications services tailored for the oil and gas industry, both in North America and globally. The company operates a controlled Internet protocol/multiprotocol label switching (IP/MPLS) network that facilitates communication among drilling contractors, oil companies, and oilfield service providers. RigNet's offerings include a comprehensive suite of voice, video, and data services, enabling high-speed Internet access and real-time data management at offshore and land-based locations. Its services encompass voice-over-Internet-protocol, WiFi hotspots, video conferencing, and telemedicine, among others. Additionally, RigNet features the Secure Oil Information Link, a private communications hub designed for collaborative data sharing among partners and clients. The company serves various stakeholders in approximately 30 countries, including the United States, Mexico, Qatar, Saudi Arabia, Singapore, and Australia. Founded in 2000 and headquartered in Houston, Texas, RigNet plays a crucial role in enhancing operational intelligence and minimizing disruptions for its clients in the oil and gas sector.

Desert Power

Series A in 2005
Desert Power Inc are commtted to providing quality service and components to the natural gas compression industry.

RigNet

Series B in 2004
RigNet, Inc. specializes in providing remote communications services tailored for the oil and gas industry, both in North America and globally. The company operates a controlled Internet protocol/multiprotocol label switching (IP/MPLS) network that facilitates communication among drilling contractors, oil companies, and oilfield service providers. RigNet's offerings include a comprehensive suite of voice, video, and data services, enabling high-speed Internet access and real-time data management at offshore and land-based locations. Its services encompass voice-over-Internet-protocol, WiFi hotspots, video conferencing, and telemedicine, among others. Additionally, RigNet features the Secure Oil Information Link, a private communications hub designed for collaborative data sharing among partners and clients. The company serves various stakeholders in approximately 30 countries, including the United States, Mexico, Qatar, Saudi Arabia, Singapore, and Australia. Founded in 2000 and headquartered in Houston, Texas, RigNet plays a crucial role in enhancing operational intelligence and minimizing disruptions for its clients in the oil and gas sector.

MicroSeismic

Series A in 2003
MicroSeismic, Inc. is an oilfield services company providing completions evaluation services and real-time monitoring and mapping of hydraulic fracture operations in unconventional oil and gas plays. Founded in 2003, MicroSeismic invented the use of surface microseismic monitoring to listen to the naturally occurring, low-energy seismic noise emitted from a reservoir during hydraulic fracturing stimulation. Utilizing surface, near-surface, and downhole arrays, MicroSeismic helps oil and gas companies understand how the reservoir responds to stimulation and its impact on customer economics. MicroSeismic’s services include Productive-SRV, FracRx TM, Hydraulic Fracture Monitoring, Reservoir Monitoring, Seismicity Monitoring and more.

RigNet

Series A in 2001
RigNet, Inc. specializes in providing remote communications services tailored for the oil and gas industry, both in North America and globally. The company operates a controlled Internet protocol/multiprotocol label switching (IP/MPLS) network that facilitates communication among drilling contractors, oil companies, and oilfield service providers. RigNet's offerings include a comprehensive suite of voice, video, and data services, enabling high-speed Internet access and real-time data management at offshore and land-based locations. Its services encompass voice-over-Internet-protocol, WiFi hotspots, video conferencing, and telemedicine, among others. Additionally, RigNet features the Secure Oil Information Link, a private communications hub designed for collaborative data sharing among partners and clients. The company serves various stakeholders in approximately 30 countries, including the United States, Mexico, Qatar, Saudi Arabia, Singapore, and Australia. Founded in 2000 and headquartered in Houston, Texas, RigNet plays a crucial role in enhancing operational intelligence and minimizing disruptions for its clients in the oil and gas sector.

NUTECH - Visionary Reservoir Intelligence

Private Equity Round in 1998
NUTECH helps our clients identify and produce their hydrocarbon reserves, conventional and unconventional, without the added expense of running new wells. It is a provider of reservoir valuation, characterization, and analytics to the oil and gas industry. For inquiries, email, telephone numbers, and physical addresses are available on their website.
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