Two Lime Rock Partners Portfolio Companies Are Finalists for Best Data Management Solution Award
8/19/2020HOUSTON, August 19, 2020 — Lime Rock, private equity investors of growth capital in E&P and oilfield service companies, today announces that two portfolio companies were declared 2020 finalists for the World Oil Awards for Best Data Management & Application Solution: Axis CORE® from Axis Energy Services and ORCHID* Open Interpretation Platform from Reveal Energy Services. The third finalist was a product from Halliburton. The winner will be announced at World Oil’s virtual ceremony in October 2020.
Reveal Energy Services is a Houston-based oil & gas services company providing fracture diagnostics based on wellhead pressure measurements. Orchid* is an open interpretation platform that makes it easy for completions engineers to visually, interactively, and intuitively integrate all data collected during fracturing. Lime Rock Partners made an initial investment in Reveal in 2017. Visit www.reveal-energy.com for more information.
Axis Energy Services is a Longview, Texas-based pioneer of a new model of completion and workover services. Its integrated, data-driven, and training-focused approach using its proprietary Axis CORE® digital platform delivers seamless solutions that drive efficiency and simplify operations. CORE’s comprehensive, digital platform monitors, in real time, all of the critical measurements that operators need to ensure workovers, cleanouts, fishing jobs, and stick pipe drill outs are accomplished safely and efficiently. In turn, this technology also creates KPIs and scorecards for customers to track their own company personnel and performance analysis. Lime Rock and B29 Energy Services formed Axis in 2018. Please visit www.axisofs.com for more information.
Since its inception in 1998, Lime Rock Management has raised $8.9 billion in private equity funds and affiliated co-investment vehicles for investment in the energy industry through Lime Rock Partners, investors of growth capital in E&P and oilfield services companies in the U.S. shales and elsewhere, and Lime Rock Resources, acquirers and operators of oil and gas properties in the United States. For more information, please visit: www.lrpartners.com.
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