Strategic Investment by CSL Capital Management
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Strategic Investment by CSL Capital Management through its CSL Ventures entity
MGB Oilfield Solutions, LLC. is pleased to announce a strategic investment by CSL Capital Management through its CSL Ventures entity. “We are excited to partner with the leadership team at CSL Ventures and look forward to leveraging their strong technology background, deep domain knowledge, and broad industry network to fast‐forward our commercialization of “The Frac Fleet of the future”, said Mark Bishop, President & CEO MGB Oilfield Solutions.
“MGB’s technology helps to improve E&P operators’ and service providers’ margins by reducing frac‐spreads’ CAPEX and OPEX, mitigates HSE risks while improving crew efficiency and reduces carbon emission during hydraulic fracturing.”, said Abhinav Jain, Vice President at CSL Ventures. He added “We are excited to partner with a team of seasoned energy industry professionals who have a deep‐rooted understanding of oilfield operations and are adept in addressing customers’ pain points in today’s competitive environment”.
About MGB Oilfield Solutions
MGB Oilfield Solutions is an engineering and manufacturing company providing surface equipment design, refurbishing, and manufacturing services for more cost-effective, safer hydraulic fracturing operations with ergonomic designs and proven new technologies that improve the overall efficiency of the operations. For more information, please visit www.mgb‐oilfield.com.
About CSL Ventures
CSL Ventures is the Venture Capital arm of CSL Capital Management. It was launched with the objective of addressing the rapidly evolving technical needs of the energy industry and becoming the partner of choice for leading entrepreneurs and executives. CSL Ventures complements and extends CSL Capital Management’s global network of sourcing unique opportunities, proven track record of successfully incubating and building greenfield businesses, and creatively structuring transactions through the energy cycle for the benefit of early-stage and technology focused companies and entrepreneurs. For more information, visit http://www.cslenergy.com/cslventures.html.
