For Worldwide Release: April 2015
Caterpillar Makes Equity Investment in GTUIT
Companies Plan to Collaborate to Deliver Innovative Solutions through Gas Treatment Offerings
Houston - Caterpillar Oil & Gas is pleased to announce that Caterpillar has made an equity investment in GTUIT, a manufacturer of mobile gas treatment systems. The companies plan to collaborate to deliver innovative, sustainable solutions designed to create customer value by treating associated gas from production wells with the expectation of reducing emissions and the related costs from flaring. GTUIT products and services are manufactured for customers operating in production, land drilling and well stimulation applications.
Headquartered in Billings, Montana, GTUIT was founded in 2011 to provide customers with creatively engineered and tested solutions to meet the dynamic conditions found in oil fields around the world. “At GTUIT, we have differentiated ourselves in the gas capturing market by offering mobile, scalable solutions that significantly reduce flare volume and maximize production levels under increasing government regulations,” Brian Cebull, President and CEO of GTUIT stated. “As a result of the Caterpillar investment, we are looking forward to expanding beyond the Bakken into other North American basins as well as global markets.”
“At Caterpillar, we are continuously looking for successful companies who share in our commitment to sustainability, one of our enterprise core values, and who strive to proactively find solutions to complex energy problems in today’s production environment,” said Dave Dunlevy, Caterpillar Oil & Gas managing director. “Through future collaborations with GTUIT, we expect our customers to have access to an enhanced portfolio of solutions that we believe are tailored to reducing emissions, increasing productivity, and lowering costs.”
As a result of the investment, GTUIT expects to continue to expand their offering of turnkey flare reduction systems and treatment services. “Sourcing the correct gas treatment systems can be challenging. With GTUIT, customers can select the appropriate services and solutions for their operations,” Cebull stated.
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