What is Surtek?
Headquartered in Centennial, Colorado, Surtek, Inc. traces its origins to the pioneering Marathon EOR group, preserving vital Reservoir Engineering skills. The company's expertise is applied to Enhanced Oil Recovery (EOR), Carbon Capture, Utilization, and Storage (CCUS), and Environmental, Social, and Governance (ESG) initiatives. Surtek serves a global clientele, including national oil companies, major oil corporations, and independent operators, supporting both conventional and unconventional field operations. The company has consistently expanded its chemical EOR capabilities, demonstrating a commitment to innovation and operational excellence in a dynamic energy landscape.
How much funding has Surtek raised?
Surtek has raised a total of $399K across 2 funding rounds:
Debt
$150K
Debt
$249K
Debt (2020): $150K with participation from PPP
Debt (2021): $249K led by PPP
Key Investors in Surtek
PPP
Public-Private Partnership
PPP
Public-Private Partnership
What's next for Surtek?
Surtek's recent major strategic investment, within the context of large-scale late-stage funding, signals a strong market validation and positions the company for accelerated growth and expanded service offerings. This capital infusion is expected to fuel further development in EOR technologies, bolster CCUS solutions, and enhance its contributions to ESG objectives. The company is poised to leverage its deep reservoir engineering expertise to address evolving industry demands for efficiency, sustainability, and carbon management, reinforcing its standing as a key player in the energy services sector.
See full Surtek company page
