Vesmir set to market software to oil, gas firms

BOULDER – Vesmir Inc., the company behind the oil and gas software program PetroDE, received $2 million in funding from three firms.

Boulder-based Vesmir plans to use the funds to market its cloud-based software to oil and gas companies around the world.

Petro DE stands for Petroleum Decision Engine, a software system that analyzes production data from wells using maps and charts from Google Earth and a shared-map feature.

“As worldwide energy demand continues to increase, the petroleum industry needs a better way to deliver new opportunities for development,´ said Alan Lindsey, chief executive of PetroDE, “This collaborative tool is proving to be essential to our clients.”

Catamount Ventures LLC in San Francisco, Gaba Enterprises LLC in Greenwell Springs, Louisiana, and JES Inc. in San Antonio, Texas, led the funding round. Vesmir has eight employees, according to the company website.

Clients of the PetroDE software system can enter an oil or gas formation or an operator name of any location in the world, and the software generates a suite of analytical information, according to a press statement. The company bills the information generated as something that can be used to quantify activity and productivity of oil and gas wells around the globe.


Comments

Advertising
Advertising
Advertising

Assessed Valuations

FacebookTwitterLinkedInE-mail Here’s a question we hear from customers quite often: When will rates go up and what happens when they

Custom Publications

Awards

  • Awards – 02/28/2014

    FacebookTwitterLinkedInE-mail Boulder-based Clean Energy Collective received the Most Innovative Solar Company award from Solar Power Generation USA. Clean Energy develops

  • Awards – 02/14/2014

    FacebookTwitterLinkedInE-mail Lafayette-based The Creative Alliance won an American Package Design Award from GD USA Magazine for packaging designed for its

  • Awards – 01/31/2014

    FacebookTwitterLinkedInE-mail Two University of Colorado-Boulder researchers were among 15 honored week by the National Academy of Sciences for extraordinary scientific

RSS

RSS

RSS

RSS

RSS

Advertising

Social Network

 
Facebook Icon
Twitter Icon
LinkedIn Icon