Upwing Energy utilizes subsurface compression technology to enhance natural gas production and recoverability from existing wells while significantly reducing associated emissions. Their end-to-end service includes analysis, planning, deployment, and real-time monitoring, optimizing operational efficiency and freeing up capital resources for gas producers.
Funding
$22M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Natural gas wells often experience declining production rates and reduced recoverability over time, leading to stranded reserves and economic losses for operators. Traditional methods of artificial lift can be inefficient or environmentally problematic, and may not fully address the challenges of maximizing production from existing wells. Furthermore, accurately predicting well performance and optimizing compression system deployment can be complex and time-consuming.
Solution
Upwing Energy offers an end-to-end service leveraging subsurface compression technology to enhance natural gas production and recoverability from existing wells, while also reducing associated emissions. Their Subsurface Compressor System (SCS) is deployed downhole to increase gas flow and extend the life of the well. The service includes comprehensive analysis and predictive modeling of well performance, planning and execution of well completions, and continuous operations and monitoring via a topside mobile control center. Upwing's technology incorporates innovations such as active magnetic thrust bearings, hermetically sealed high-speed permanent magnet motors, and hybrid compressors to ensure reliable and efficient operation. By optimizing gas production and minimizing emissions, Upwing helps operators unlock the hidden potential of their natural gas assets.
Target Audience
The primary target audience includes natural gas producers seeking to enhance production from existing wells, reduce emissions, and improve the economic viability of their assets.
Features
- Subsurface Compressor System (SCS) deployed downhole to increase gas production and recoverability
- Comprehensive well analysis and predictive modeling using proprietary tools that consider reservoir characteristics, well completion data, and topside constraints
- Planning and execution of well site preparations, including completions, deployment, and startup procedures
- Remote operation and monitoring of the SCS via a topside mobile control center, enabling real-time adjustments to optimize production
- Active magnetic thrust bearings and passive magnetic radial bearings for enhanced compressor performance and reliability
- Hermetically sealed high-speed permanent magnet motors for efficient and emission-free operation
- Hybrid compressor design for adaptability to varying well conditions
- Resilience and reliability testing to ensure consistent performance in demanding environments