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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

Series A3

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
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    Electro-Petroleum Valuation and Funding

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    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)

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    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 (3)

    NameTitleBoard
    Seat
    Contact
    Info
    Philip BellChief Executive Officer, President & Board Member
    Andrew BurnettVice President, Geoscience
    David TaylorVice President, Operations
    Philip Bell Chief Executive Officer, President & Board Member
    Andrew Burnett Vice President, Geoscience
    David Taylor Vice President, Operations

    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
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