Jan 11, 2019 ControlSoft, Inc. is pleased to announce that we have acquired eSimulation, Inc. and its joint venture partner, DxT3, Inc.
eSimulation, Inc., based in Houston, Texas, is a pioneer in the field of midstream natural gas gathering and processing cloud-based software solutions that predict the effects of operational and business performance based on fluctuating market and asset conditions. The solutions also provide prescriptive guidance to optimize profitability under all market and asset conditions. eSimulation’s optimization solutions have been successfully applied to over 50 natural gas processing units since the company’s inception in 2000. eSimulation also provides cloud-based digitalization technology that streamlines upstream and midstream gathering businesses to significantly reduce the effort required to manage these assets.
eSimulation solutions include:
eSimEvaluator® – a business modeling platform that models midstream businesses from the wellhead across gas gathering and compression systems and through to multi-plant super systems to optimize the entire midstream business on a daily basis
eSimOptimizer® – a highly detailed (rigorous), model-based solution to optimize product recoveries versus the energy required to extract natural liquids (NGL’s) at current commodity prices and on a near real-time basis for gas processing plants. The Process Safety and Surveillance module provides additional value by monitoring the gas plant to identify process equipment problems early to avoid safety incidents and possible shutdowns
eSimGathering ® – along with its FieldSync mobile application captures wellhead, compression, and gathering field data on a laptop, Android, or iOS device. eSimGathering applications include the Condensate Inventory Management system, Pig Tracking application, Greenhouse Gas Monitoring system, and the Oil and Gas Volume Tracker for loss management
DxT3, Inc., based in Pittsburgh, Pennsylvania, is an exclusive licensee and joint venture partner of eSimulation that focuses on developing market channels for eSimulation product offerings within the Appalachian Basin.
Through this acquisition, eSimulation can offer a wider range of value-added solutions to the midstream and upstream industries. For example, ControlSoft’s MANTRA® advanced process control (APC) platform can help stabilize gas plants, condensate stabilizers, and fractionation facilities and enable operators to effectively hit optimization targets. Furthermore, ControlSoft’s INTUNE®+ control loop performance monitoring (CLPM) software will help operators evaluate control health to sustain optimal performance. These solutions complement eSimulation’s in-plant optimization solutions.
“The acquisition of eSimulation and its joint venture partner, DxT3, signifies a major milestone in support of ControlSoft’s optimization business strategy. The eSimulation software platform is a comprehensive, integrated, and easy-to-use suite of solutions for optimizing the performance of gas production, gathering and processing. Adding eSimulation to our business will enable ControlSoft to provide predictive and prescriptive operations and reliability capabilities to further differentiate our offerings, creating additional value for our customers and opening up a new market for ControlSoft in Upstream and Midstream Oil & Gas opportunities,” said Tien-Li Chia, Ph.D., President of ControlSoft.
“eSimulation’s employees are excited to join the ControlSoft team. eSimulation shares ControlSoft’s vision for advanced process control and optimization technologies. We are especially excited about combining our expertise in gas gathering and processing with ControlSoft’s extensive field experience in industrial process control, their patented technologies for advanced process control, and their analysis software. We believe this will result in new and exciting value opportunities for eSimulation’s midstream customers as well as growth opportunities for our employees,” said Mark Roop, eSimulation cofounder.
“In early 2017, the eSimulation and DxT3 joint venture was created with the singular purpose of creating a dynamic platform company for the adoption of web-based digitalization software applications (IIoT- Industrial Internet of Things) within the midstream segment of the Oil and Gas industry. The adoption of these technologies is now accelerating in the Midstream Industry and especially within the Appalachian Basin due to its abundance of natural gas resources in the Marcellus and Utica fields. With this acquisition, ControlSoft, which has been established in the Appalachian region for 30 years with customers in the chemical and manufacturing industries, is now poised to grow its process control and optimization solutions and services by leveraging the new digital transformation technologies to a broader portion of the Chemical and Oil and Gas industries, rapidly developing in the Appalachian basin as well as throughout North America. We look forward to being a catalyst for new growth opportunities within ControlSoft and expanding the breadth of its operations within the upstream and midstream oil and gas markets,” said Chet Mroz, President of DxT3 Inc.
“Our relationship with eSimulation’s Mark Roop and Steve Hendon culminated in the establishment of DxT3 in 2017 in order to create new channels to market for eSimulation’s applications within the Appalachian Basin. We are pleased to have realized this vision with the merger of DxT3 into eSimulation and ControlSoft’s long presence in this region. We look forward to joining the ControlSoft family along with our eSimulation partner,” said Mark Santo, Founder and Chairman of DxT3 Inc.