06 · News
Company milestones, on the record: field results and funding.
Calgary, Alberta — Mbrace Energy has closed a $1M pre-seed round led by Avatar Leadership Fund, the fund’s fourth investment, joined by NGIF and the founding team. Proceeds will fund additional demonstrations with units of various sizes and grow the fleet of Mbrace Field Units to meet demand.
Calgary, Alberta — Mbrace Energy has been awarded $400,000 through NGIF Accelerator's Methane Reduction Demonstration Program, funded by the Government of Alberta through the TIER fund and matched by voluntary industry funding, to demonstrate how producers can restore production from liquid-loaded wells while eliminating routine venting and flaring.
Calgary, Alberta — On a producing Tourmaline well, Mbrace Energy's multiphase pilot unit brought a loaded well back online, retrieving the plunger and restarting production without a wireline or swabbing call, and has delivered 100% of the well's liquid unloading without venting. All three ventless unloads in the month were run remotely through the Mbrace platform: the first two with an operator standing by on site, the third with no one on location at all. No truck rolled.
Calgary, Alberta — Operations had fought for weeks to get the plunger to surface on a liquid-loaded well. Using the pilot unit's versatile design, gas from a neighbouring well was kicked down the loaded well's casing, and in under two hours the plunger surfaced and the well was back cycling on its own.
Calgary, Alberta — Nearly two years from concept to boots on the ground: Mbrace Energy's first pilot system was installed on a producing Tourmaline well, marking the start of the field pilot.
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