LongPath Technologies

Overview
Oil & Gas Tech?
Product stageSegments
Growth
?
Monitoring and management (Upstream & Midstream)
?

LongPath Technologies offers a patented, scalable technology for continuous monitoring and quantification of methane emissions in real-time across the oil and gas supply chain. Its flagship Active Emissions Overwatch System is designed to redefine methane monitoring standards, bridging gaps in traditional methods like infrequent flyovers and optical gas imaging cameras. The technology utilizes large-area remote methane monitors that project eye-safe laser beams to detect, localize, and quantify emissions with 10x greater sensitivity and 2-3x higher accuracy compared to point sensors. Proven to reduce greenhouse gas emissions by approximately 90% versus incumbent approaches, LongPath's system provides real-time actionable insights through equipment-level localization and quantification capabilities validated via peer-reviewed blind testing. Commercialized in 2020, the groundbreaking solution emerged from a decade-long collaboration with the University of Colorado, the National Institute of Standards and Technology, and the US Department of Energy's ARPA-E programs. With components sourced domestically, LongPath bolsters crucial American energy technology supply chains while aligning with national climate goals.

Key customers and partnerships

In March 2022, LongPath expanded its partnership with Apache Corporation to provide real-time monitoring for approximately 60 facilities across the Permian Basin. The technology enabled Apache to achieve meaningful emissions reductions while meeting operational goals sustainably. Additionally, Colorado-based operator Bayswater Exploration & Production leverages LongPath's quantitative and continuous data to meet state and federal regulatory needs. LongPath's approvals by the Environmental Protection Agency and the Colorado Department of Public Health & Environment for alternative emissions monitoring underscore its regulatory compliance capabilities.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
2100 Central Ave Suite 102 Boulder CO USA
Founded year:
2017
Employees:
101-250
IPO status:
Private
Total funding:
USD 211.0 mn
Last Funding:
USD 189.0 mn (Debt Financing; Jan 2024)
Key competitors
 
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Company profile
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Funding


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