January, 2017
GTUIT was Montana’s fastest growing company last year, reaching the 203rd position on Inc. magazine’s 2016 Inc. 500. The firm grew 1,894 percent over three years and earned $10.9 million in revenue in 2015. GTUIT was Launched in 2011 by three engineers with decades of experience in the Bakken oil fields. After convincing their first customer to fund the prototype, the co-founders developed a process that cuts emissions and puts flare gas to use instead of burning it as waste. In 2015, GTUIT received equity investment from Caterpillar Oil & Gas and an award of excellence from the World Bank Global Gas Flaring Reduction Partnership.
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November, 2016
The release of flared natural gas into the atmosphere is a global issue. It’s wasting natural resources, costing energy companies money and harming the environment. GTUIT, a manufacturer of mobile gas treatment systems in which Caterpillar is a minority shareholder, has a proven economic and environmental solution—one that’s already making a big difference in the Bakken oilfield.
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September, 2016
Billings-based GTUIT, LLC has earned the 203rd position on Inc. magazine’s 2016 Inc. 500 list of fastest-growing private American companies with a three- year revenue growth rate of 1,894%. For 35 years, Inc. has tracked the fastest-growing private companies which have included firms like Microsoft, Under Armor, Oracle and Yeti Cooler.
GTUIT stands out because it is one of a very small group of this year’s 500 fastest growing companies that serves the energy industry.
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April, 2016
GTUIT provides well site gas conditioning for the Galileo Cryobox Nano. GTUIT conditions the associated gas using two GTUIT FCS 1000 MCFD units that process the raw gas by removing the natural gas liquids and moisture and providing a consistent feedstock for the Galileo Cryobox. Terra Energy is a subcontractor to GTUIT and liquefying gas from GTUIT’s client on a well site in North Dakota.
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February, 2016
A Billings-based business looking to expand globally has turned to a new program at Montana State University’s Montana Manufacturing Extension Center (MMEC) to find the best way to get its services and products to customers around the world.
GTUIT recently completed the second in the MMEC’s four-part Supply Chain Optimization program. The program was developed by the National Institute of Standards and Technology’s Manufacturing Extension Partnership (NIST/MEP) with input from leading industry experts.
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January, 2016
The federal government late in the week estimated U.S. oil stocks at the highest point in 80 years. That’s bad news for the area formerly known “Saudi Arabia” of American oil, an area where higher-than-average production costs and long distances to market make the current pinch of low oil prices pretty painful. A barrel of West Texas Intermediate crude was selling for $32 Friday, after falling to $28 midweek. Yet oil production keeps on pumping for several reasons.
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December, 2015
Mobile gas capture and natural gas extraction units from Gtuit are helping Enerplus reduce its flare gas – and maintain production – on the Fort Berthold Indian Reservation in North Dakota’s Bakken oilfield, says Caterpillar, a minority owner of Gtuit.
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December, 2015
How do you meet ever-stricter flare gas capture requirements in an area with limited oil and gas infrastructure? For North American energy producer Enerplus, the answer includes innovative mobile gas capture and natural gas extraction units from GTUIT, a manufacturer in which Caterpillar is a minority shareholder.
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December, 2015
An award of excellence for reducing natural gas flaring was given to Hess Corp and GTUIT by the World Bank Group. The Billings-based GTUIT is running 15 field units at Hess well sites in North Dakota, processing 10 Mmcf a day. The partnership is currently selling 35,000 gallons of NGLs and prevented 55,900 tons of carbon
dioxide from going into the atmosphere.
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December, 2015
When it comes to getting gas flaring under control in the Bakken, the idea that opposites attract might provide the best solution to what has become a constant issue for the oil and gas industry. An unlikely coalition of organizations has completed a successful test of waste-heat-to-energy system that marries an old technology with a new one.
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GTUIT®, LLC has earned the 203rd position on Inc. magazine’s Inc. 500 list of fastest–growing private American companies.