Thigpen Energy has partnered with Intervale Capital, which will provide growth capital to support Thigpen's fleet and geographic expansion. Thigpen will work alongside Recapture Solutions, another portfolio company of Intervale, to monetize and utilize stranded flare gas.
Recapture Solutions provides flare reduction and natural gas power solutions to oil and gas production companies in the Permian, Williston, and Denver-Julesburg basins. The combination of Recapture and Thigpen's service and product offerings will enable customers to economically capture flare gas for fueling applications.
"Demand for our services is rapidly increasing, and our partnership with Intervale will allow Thigpen to grow in response to this demand,” said President and Founder Sam Thigpen. “Thigpen's goal is to provide comprehensive natural gas fueling solutions that integrate seamlessly with our customers' operations. We are excited to partner with Intervale, which has a track record of helping service businesses expand quickly. Recapture and Thigpen are focused on utilizing natural gas in innovative ways to save our customers money. There will be many opportunities for Recapture and Thigpen to work together to provide unique solutions to our customers."