Rice Investment Group
Rice Investment Group is a $200mm multi-strategy fund investing in all verticals of the oil and gas sector with a focus on partnering where our operational, technical, and strategic experience add value. Led by the former Rice Energy management team, the RIG team has a highly complementary and diverse skill-set. RIG seeks to invest between $1mm - $40mm across the capital stack in the upstream, midstream, oilfield services, and energy technology sectors. RIG can invest passively alongside an existing sponsor-management team or actively as lead financial sponsor.
Cold Bore
Venture Round in 2021
Cold Bore Technology Inc. specializes in developing down-hole sonic communication tools for the directional drilling industry within the oil and gas sector. The company offers a range of products under the SmartPAD brand, which utilizes proprietary acoustic technology to provide real-time, sensor-driven data and analytics. This technology enables clients to monitor completion operations and access vital data through a digital twin visible on handheld devices, facilitating a comprehensive overview of workflows and frac data. Founded in 2012 and headquartered in Calgary, Canada, Cold Bore Technology aims to enhance operational efficiency in drilling by delivering real-time insights from the down-hole environment to the surface.
Umbrage
Seed Round in 2021
Umbrage is a digital craft studio that specializes in designing, developing, and delivering customized software solutions. The company partners with clients, particularly in blue-collar industries such as oil and gas, healthcare, and supply chain, to address complex business challenges through tailored technology. By collaborating closely with clients' internal technology teams, Umbrage focuses on creating scalable products that facilitate digital transformation and drive business success. Its deep technical expertise allows the company to effectively integrate with clients, ensuring that the solutions provided meet specific operational needs.
Cold Bore
Series B in 2019
Cold Bore Technology Inc. specializes in developing down-hole sonic communication tools for the directional drilling industry within the oil and gas sector. The company offers a range of products under the SmartPAD brand, which utilizes proprietary acoustic technology to provide real-time, sensor-driven data and analytics. This technology enables clients to monitor completion operations and access vital data through a digital twin visible on handheld devices, facilitating a comprehensive overview of workflows and frac data. Founded in 2012 and headquartered in Calgary, Canada, Cold Bore Technology aims to enhance operational efficiency in drilling by delivering real-time insights from the down-hole environment to the surface.
OAG Analytics
Corporate Round in 2019
OAG Analytics, Inc. is a Houston-based company that specializes in predictive analytical software for the oil and gas sector. Established in 2013, the company focuses on providing advanced analytics tools to upstream energy operators, allowing them to enhance their workflows with artificial intelligence. OAG Analytics' platform helps subsurface engineers and scientists optimize well designs, predict production outcomes, and assess the potential return on investment from various strategies. Additionally, it supports executives and investors by generating data-driven forecasts, evaluating asset values for transactions, and refining development strategies. By automating time-consuming tasks and uncovering complex correlations, the software enables users to focus more on analysis and decision-making, ultimately leading to improved operational efficiency and cost savings.
Cold Bore
Series A in 2018
Cold Bore Technology Inc. specializes in developing down-hole sonic communication tools for the directional drilling industry within the oil and gas sector. The company offers a range of products under the SmartPAD brand, which utilizes proprietary acoustic technology to provide real-time, sensor-driven data and analytics. This technology enables clients to monitor completion operations and access vital data through a digital twin visible on handheld devices, facilitating a comprehensive overview of workflows and frac data. Founded in 2012 and headquartered in Calgary, Canada, Cold Bore Technology aims to enhance operational efficiency in drilling by delivering real-time insights from the down-hole environment to the surface.
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