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Catapult invests primarily in start-up oilfield services companies (Affiliates) established by experienced, entrepreneurial managers. In addition to providing startup capital to Affiliates to fund general overhead and capital expenditures, Catapult will provide back-office services such as systems and consulting in accounting, finance, human resources, IT, legal, HSE and risk management services. These services help accelerate the launch of the business and serve as a resource to assist Affiliates in the growth of their companies. Catapult also provides board-level support throughout the life of the Affiliate, leveraging off of the experience and knowledge of the Catapult team, other Affiliates and NGP. By providing these services and resources, Catapult allows the senior management of its Affiliate companies to place their primary focus on what matters most in operating their company, particularly their customers, employees, services, equipment and safety. To date, Catapult has funded experienced management teams to build a well testing company and a coiled tubing service company. Also, Catapult continues to build out a team of financial, accounting, HS&E, and information technology leaders to provide support services and guidance to existing and future Catapult Affiliates.
The Spec Group is a Humble, TX-based company in the Energy and Utilities sector.
1st Stop Inc is a Winchester, OH-based company in the Energy and Utilities sector.
Kabe Exploration is a San Diego, CA-based company in the Energy and Utilities sector.
Philadelphia Energy Solutions (PES) is the longest continuously operating refinery on the East Coast, processing 330,000 barrels of crude oil per day.