Local tech firm buys Texas’ Itsa Energy
A Grand Junction-based technology company that manufactures equipment and software for the oil and gas industry shored up control of its territory in Texas with the acquisition of Itsa Energy last week.
Itsa supports upstream and midstream automation, corporate systems and enterprise solutions for oil and gas production and related operations, according to a news release.
Flow Data, 3184 Mesa Ave., developed a popular data acquisition tool known as the Digital Air flow Instrument which is used in its PADpro Product.
The DAFI calculates instantaneous volumetric air flow using Vortex flow technology.
It is equipped to read data from other instruments on the job site, such as pressures, temperatures, alternate flow meters, etc.
The DAFI displays data on an operator interface and records the data in its memory. The data can be recorded and saved for up to nine months before downloading.
Itsa will serve as Flow Data’s service arm in the Texas market, while Flow Data’s PADPro product is an opportunity for Itsa to deliver a premier automation solution to upstream and midstream oil and gas producers.
“The alliance enhances both companies’ existing abilities to drive service and automation technology as a total solution,” Flow Data said in a news release.
PADPro’s advanced technology complemented Itsa’s desire to deliver a robust well site automation solution as part of a total integration package.
“Flow Data’s plan to expand service coverage in the Texas market has been realized. Itsa Energy is a proven resource through which Flow Data can deliver the PADPro solution to the market. We will begin by aligning the operations of the two companies and then address further integration of Itsa into Flow Data at the appropriate time,” said Bill Gebhardt, president and CEO of the ownership group.