As the innovative industry leader in mobile flare gas capture, GTUIT is in the news. Follow the latest reports our mobile flare gas capture system, Mobile Midstream partnerships and other exciting company initiatives.
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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December, 2016
GTUIT®, LLC announced today that the firm has been providing Liberty Resources, LLC natural gas liquids (NGL) recovery and flare reduction services since June 2016. GTUIT has provided up to 4,500 MCFD of processing capacity at four well locations. GTUIT’s gas processing helps Liberty Resources reduce air emissions and meet the State of North Dakota Industrial Commission Flaring Reduction requirements.
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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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November, 2016
Caterpillar Oil & Gas is pleased to participate alongside Cat dealer Al-Bahar, in the 2016 Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC) to be held at the Abu Dhabi National Exhibition Center November 7 – 10.
Caterpillar will highlight their partnership with GTUIT a manufacturer of mobile gas treatment systems. Caterpillar and GTUIT are currently collaborating 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, and by conditioning pipeline fuel gas to drastically reduce compression fuel costs.”
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November, 2016
GTUIT®, LLC announced today that the firm is working with Alcor Energy Solutions an energy producer near Tioga, ND. Alcor provides turbine power for the GTUIT FCS well site gas processing and NGL recovery unit as well as power for the client’s well location.
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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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September, 2016
GTUIT®, LLC announced that Hess Corporation recognized the three year natural gas liquid (NGL) extraction partnership between the two firms. The recognition came in Hess Corporation 2015 Corporate Sustainability Report. Hess and GTUIT have been working together since 2013 with GTUIT designing, manufacturing and operating well site gas capture and NGL extraction equipment at Hess operations in North Dakota.
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August, 2016
GTUIT®, LLC announced today that the firm earned the 203rd position on Inc. magazine’s 2016 Inc. 500 list of fastest–growing private American companies.
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July, 2016
GTUIT®, LLC announced today that Dean Cervenka has joined the firm as Vice President of Sales. Dean brings decades of sales experience in the oil and gas equipment industry. Most recently Dean was Caterpillar Oil & Gas Business Manager implementing Caterpillar’s development of their OEM business for well service and gas compression. Dean has extensive international experience having served as Americas Regional Sales Manager for Caterpillar Oil & Gas and Project Manager in Singapore.
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June, 2016
GTUIT®, LLC announced today that the firm has signed a financing agreement with Alaska Growth Capital. The ten year agreement allows GTUIT to increase its financial flexibility and invest in growing its business of creating value from stranded natural gas resources.
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