Company Profiles

driven by the PitchBook Platform

Electro-Petroleum

Description

Provider of a patented technology to enhance the recovery of heavy oil. The company's patented technology EEOR (Electrically Enhanced Oil Recovery) enables low-cost recovery of stranded oil reserves by applying electric currents to hydrocarbons in the ground, which upgrades and mobilizes heavy oils that are too viscous to be extracted by conventional pumping techniques.

1972

Founded

PRIVATE

Status

1-10

Employees

2ndary - Private

Latest Deal Type

$8.22M

Total Amount Raised

2

Investors

Description

Provider of a patented technology to enhance the recovery of heavy oil. The company's patented technology EEOR (Electrically Enhanced Oil Recovery) enables low-cost recovery of stranded oil reserves by applying electric currents to hydrocarbons in the ground, which upgrades and mobilizes heavy oils that are too viscous to be extracted by conventional pumping techniques.

Website:

www.electropetroleum.com

Ownership Status

Privately held (backing)

Financing Status

Venture Capital-Backed

Primary Industry

Oil and Gas Equipment

Other Industries

Other Energy Services

Primary Office

8 Wistar Road Villanova, PA 19085United States +1 (484) 380-3456
Request a free trial to the PitchBook Platform
You're viewing a free company profile from the PitchBook Platform. To explore Electro-Petroleum's full profile, request a free trial.

Electro-Petroleum Valuation and Funding

Request access
Deal TypeDateAmountRaised to DatePost-ValStatusStage

Electro-Petroleum Cap Table

Stock# of Shares
Authorized
Par ValueDividend Rate (%)Original
Issue Price
LiquidationLiquidation
Pref. Multiple
Conversion
Price
% Owned

Electro-Petroleum Investors (2)

Request access
Investor NameInvestor TypeHoldingInvestor SinceParticipating RoundsBoard
Seat
Contact
Info
Fairbridge Venture PartnersVenture CapitalMinority000 0000000 0000
Potomac Energy FundVenture CapitalMinority000 0000000 0000
Fairbridge Venture Partners Venture Capital
Potomac Energy Fund Venture Capital

Electro-Petroleum Executive Team (6)

NameTitleBoard
Seat
Contact
Info
Philip BellChief Executive Officer, President & Board Member
Christy BellPresident
Kenneth Wittle Ph.DVice President & Chief Technology Officer
David FrickerVice President, Business Development
Andrew BurnettVice President, Geoscience
Philip Bell Chief Executive Officer, President & Board Member
Christy Bell President
Kenneth Wittle Ph.D Vice President & Chief Technology Officer
David Fricker Vice President, Business Development
Andrew Burnett Vice President, Geoscience

Electro-Petroleum Board Members (2)

NameRepresentingRoleSinceContact
Info
Barbara SheaElectro-PetroleumBoard Member000 0000
Philip BellElectro-PetroleumChief Executive Officer, President & Board Member000 0000
Barbara Shea Board Member Electro-Petroleum
Philip Bell Chief Executive Officer, President & Board Member Electro-Petroleum
Request full access to PitchBook