Caerus Oil Taps Qube for Monitoring Tech

Caerus Oil and Gas is deploying Qube Technologies’ advanced continuous monitoring technology across 50 sites in Colorado’s Piceance basin.

The collaboration for sustainable energy development was finalized after a comprehensive pilot, Qube said in a news release, adding that it “marks a significant step forward in the adoption of cleaner energy practices”.

The pilot phase effectively showcased Qube's technology's ability to perform in actual operational settings, ensuring reliability and effectiveness, the company said. The technology will enable Caerus to adhere to the Oil & Gas Methane Partnership (OGMP) 2.0 framework, which is a measurement-based reporting standard aimed at achieving higher levels of emission quantification and mitigation. Specifically, Caerus is targeting Level 4 compliance, which includes detailed source-specific emission reporting and employs various quantification methods to refine methane emission assessments.

Caerus's strategy includes multiple aerial surveys and the deployment of voluntary continuous monitoring at approximately 85 sites, coupled with high-flow sampling to evaluate emissions from specific equipment. The data will enhance Caerus' emissions inventories and contribute to more accurate environmental impact assessments, Qube said.

With Qube's technology, Caerus can monitor emissions with higher precision, enhancing their ability to manage and reduce greenhouse gas emissions effectively, according to the release.

"Adopting Qube's sophisticated monitoring solutions significantly advances our environmental objectives," Jerry Dismukes, Air Compliance Manager at Caerus Oil and Gas, said. "This partnership not only boosts our operational efficiency but also demonstrates our proactive approach to our environmental goals toward stewardship”.

Qube CEO Alex McGregor said, "We are excited to join forces with a company like Caerus Oil and Gas in the Piceance Basin. This partnership underscores our shared commitment to driving environmental stewardship through innovative emissions reduction solutions in the energy sector”.

Qube is a Calgary-based technology company that has developed low-cost environmental surveillance technology. Its mission is to help primary industries, such as oil and gas, cost-effectively detect, quantify, and reduce methane and other emissions. Qube is currently working with leading operators across Canada and the US and has support from a wide range of investors and government bodies, according to the release.

Series B Funding

Qube in February successfully closed its Series B funding, with contributions from TC Energy, NGIF Cleantech Ventures, and Bain & Company Future Back Ventures (FBV), in addition to the initial close by Riverbend Energy Group.

Qube said in an earlier statement it plans to use the new funding to further its commitment to innovation, broaden its international reach, and reinforce its position as the leading provider of continuous emissions monitoring for high emitting industries.

“Securing this latest investment accelerates Qube Technologies' development and deployment of emissions monitoring technologies. This funding from NGIF Cleantech Ventures, TC Energy, and Bain & Company FBV expands our reach beyond oil and gas to high-emitting sectors like landfills, mining, and agriculture, reinforcing our commitment to provide precise, reliable tools for emission monitoring,” MacGregor said.

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