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Reach Product Solutions company logo
ENERGY & UTILITIES | Energy Efficiency
reachps.com

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Founded Year

2009

Stage

Debt - II | Alive

Total Raised

$31.92M

Last Raised

$750K | 1 yr ago

About Reach Product Solutions

Reach Product Solutions develops a multiphase compression technology that reduces initial and ongoing operating costs for natural gas producers through an efficient and cost-effective compressor package solution. The company's technology reduces compression costs and economically enhances hydrocarbon production and also has future applications in compressed natural gas-refueling, pipeline stations, offshore platforms and compressed-air energy storage.

Reach Product Solutions Headquarter Location

4140 World Houston Parkway Suite 100

Houston, Texas, 77032,

United States

+1 (281) 727 0250

Latest Reach Product Solutions News

Hicor Technologies Becomes Reach Production Solutions

Sep 9, 2019

September 09, 2019 07:00 AM Eastern Daylight Time HOUSTON--( BUSINESS WIRE )--Hicor Technologies (“Hicor”) announced today that it has changed its name to Reach Production Solutions (“Reach”). The name change follows the commercialization of the company’s artificial lift system and represents the transition from a compression technology company to a full-service artificial lift and frac hit recovery solutions provider. Since 2009, the company has been working to develop its proprietary multi-phase compression technology with the support of its investor group, which includes EV Private Equity, Equinor Technology Ventures and Chevron Technology Ventures. The company has now packaged its compression technology into a plug-and-play solution that enables operators to improve production, increase well and reservoir life, and quickly recover from frac hits. The company’s technology offers numerous benefits to operators, including the ability to significantly increase production from the surface on both a standalone basis or in conjunction with other artificial lift methods. At the heart of the system is a multi-phase compressor that can realize compression ratios of up to 40:1, enabling a broad operating envelope that self-adjusts to well production fluctuations. Additionally, the system can be installed in less than 24 hours and does not require downhole interventions, utilities, site preparation or other surface facilities. “We are extremely proud of the innovative technology we have developed. Our lift solution enables operators to do more with less, which is precisely what is needed in today’s difficult commodity price environment,” said Rob Perry, CEO of Reach Production Solutions. “We are excited to bring this technology to market and showcase our capabilities as a full-service artificial lift and frac hit recovery solutions provider.” About Reach Production Solutions Reach Production Solutions, based in Houston, TX, is a leading provider of artificial lift and frac hit recovery solutions. At the heart of Reach’s product offering is its proprietary multi-phase compression technology that enables operators to increase production in both oil and gas wells from the surface. Reach partners with operators and leverages its mechanical, petroleum and systems engineering expertise to dramatically improve well and reservoir performance. More information on Reach can be found at www.ReachPS.com Contacts

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Research containing Reach Product Solutions

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CB Insights Intelligence Analysts have mentioned Reach Product Solutions in 1 CB Insights research brief, most recently on Sep 27, 2021.

Expert Collections containing Reach Product Solutions

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Reach Product Solutions is included in 1 Expert Collection, including Oil & Gas Tech.

O

Oil & Gas Tech

560 items

This collection includes companies from upstream, midstream, and downstream sectors of the Oil & Gas industry, as well as companies focused on sustainable fuels. Sectors are tagged by general focus of the company (even if the tech works across sectors).

Reach Product Solutions Patents

Reach Product Solutions has filed 5 patents.

The 3 most popular patent topics include:

  • Gas compressors
  • Gas technologies
  • Industrial gases
patents chart

Application Date

Grant Date

Title

Related Topics

Status

11/21/2017

3/30/2021

Gas compressors, Gas technologies, Industrial gases, Fluid dynamics, Pumps

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3/30/2021

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Related Topics

Gas compressors, Gas technologies, Industrial gases, Fluid dynamics, Pumps

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