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.
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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May, 2016
Caterpillar Oil & Gas is pleased to announce that Caterpillar has signed a worldwide marketing agreement with GTUIT®, a manufacturer of field natural gas treatment systems. Caterpillar will assist GTUIT with entering into marketing agreements with targeted Caterpillar Dealers worldwide to sell, market and service GTUIT products.
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April, 2016
GTUIT recently added five additional languages to its website to cover the firm’s ever expanding market. The languages include Arabic, French, Russian, Spanish and Chinese.
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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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March, 2016
GTUIT®, LLC announced a worldwide supply agreement with Eco-Tec, Pickering, Ontario, Canada ( www.Eco-Tec.com ) for GTUIT to distribute Eco-Tec hydrogen sulphide (H2S) gas treatment equipment into the worldwide upstream oil and gas production market. The multi-year agreement provides access of Eco-Tec equipment to the oil and gas market and allows GTUIT to expand its line of proven well site gas conditioning equipment. The GTUIT line of Eco-Tec equipment will be branded GPUR for the oil and gas industry.
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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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February, 2016
GTUIT®, LLC announced today raising additional financing from the continued support of its investors through exercise of options. As part of a preferred round of financing, investors received options to purchase additional units of the same class for a one year term. The one year term expired in December of 2015 with a majority portion of the options being exercised.
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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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