Deal

Energy Ventures Invests in Oxane Materials Inc.

Energy Venture Fund III has today announced that it has invested in Oxane Materials Inc. Oxane Materials is the manufacturer of OxFracTM, a highly conductive, ultralight ceramic proppant.

As a result of its superior weight- to- strength ratio, OxFracTM promises to increase oil and gas recoveries, especially when working with unconventional assets such as shale, coal bed methane and tight gas. The product will be commercially available in 2009, and modelling suggests that it could increase initial production by up to 100 percent and shallow production decline by up to 15 percent, thus, improving total recovery and reducing total well costs per play.

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FundEnergy Ventures III LP Argentum share 5.97%
Portfolio CompanyOxane Materials
Date of Transaction2008-12-11
TransactionAcquisition
Seller
BuyerEnergy Ventures
Size of Transaction 
Ind. FocusEnergy
GeographyUSA
StageVenture
 

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(2011-07-13)