David T. Bateman, chairman and co-CEO of Lubbock, Texas-based SitePro Inc., is today’s featured Forty Under 40 honoree.
Alongside partner Aaron Phillips, Bateman formed SitePro in 2012, which has turned out to be one of fastest-growing technology companies in the energy space.
Since its launch in Bateman’s partner’s garage, the company has grown from about 30 employees at the end of 2017 to more than 150 today.
“It’s been an incredible journey, and we are just getting started,” Bateman says.
At the forefront of the digital transformation of the upstream oil and gas sector, SitePro safely and efficiently connects oil and gas producers with service providers to help optimize fluid management through automation software and workflow solutions.
Since 2012, the company has automated more than 400 wellsites, controlled and monitored more than 250 miles of pipeline and digitally tracked more than a billion barrels of oil.
We have to bet on pent-up demand. The recovery appears to be ‘V-shaped’ in most markets. We hope to see that in the energy world as well.
Today private-equity providers focus on returns, cash flow, the right incentives and portfolio discipline by oil and gas companies.
Devon Energy had been actively shopping the Permian Basin assets, and others in the Rockies, the past several months.