What IPT Well Solutions does

IPT Well Solutions (legal entity: New IPT Inc.) is a U.S.-based subsurface engineering consulting firm founded in 1991 in Denver, Colorado and now headquartered in Golden, CO, with a secondary office in Houston. The firm provides well engineering, drilling, completion, frac stimulation, wellsite supervision, project management, and environmental compliance services to a 500+ client base spanning independent and enterprise oil and gas operators, municipalities, and emerging energy-transition developers. IPT serves active drilling basins across the U.S. (DJ, Powder River, Delaware, Permian, Williston) and Canada, and has executed international work in East Greenland. Long-tenured client relationships—such as U.S. Energy Development Corporation since 1997—underscore the firm's reputation-based engagement model.

IPT's technical platform combines a proprietary case-study database of more than 60,000 wells, the DrillPlan integrated drilling engineering platform, and Fracpro fracture modeling software co-developed with the Gas Research Institute. The firm has implemented novel analytics, including the Pruned Exact Linear Time (PELT) algorithm for real-time injection-well performance monitoring (with Hall derivative validation), Python-driven spatial mapping of ~300 gas components across the Wattenberg Field, and automated EPA-compliant cement bond log workflows. Service lines span the full well lifecycle: reservoir engineering, geosciences, permitting (Class I–VI), drilling engineering, frac and completions, workover/P&A, production facilities, environmental and air-quality consulting, CCS/CCUS consulting, solution mining, geothermal, and hyperscale data center backup energy solutions.

IPT operates a professional services, project-based revenue model with custom-quoted engagements and multi-year contracts, delivered via direct enterprise sales to decision-makers at operators, municipalities, and energy developers. Four primary revenue streams—engineering consulting, wellsite supervision, project management/field execution, and environmental/regulatory services—are complemented by newer practices in carbon sequestration, solution mining, geothermal, and data center energy. The 2012 acquisition of Peterson Energy broadened the service mix; the 2022–2024 rebrand to IPT Well Solutions coincided with the addition of energy-transition verticals. Headcount has rebalanced from a 173 peak (2012–2018) to 51–100 today as the firm has shifted toward higher-value consulting work.

Name

IPT Well Solutions

Legal name

New IPT Inc.

Website

https://iptwellsolutions.com

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

51–100 employees

Short description

IPT Well Solutions is a U.S.-based subsurface engineering consulting firm delivering well planning, drilling, completion, and environmental compliance services to oil and gas operators, municipalities, and energy-transition developers across carbon sequestration, geothermal, and hyperscale data center verticals.

Ownership category

akta.pro rank

Product category

Oil & Gas Engineering Consulting

NAICS

Oil and Gas Extraction (211), Geophysical Surveying and Mapping Services (541360)

SIC

Oil & Gas Field Services, Nec (1389), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Well Completions & Stimulation (Hydraulic Fracturing, Sand Control) (EUALAAAE)

akta.pro secondary industries

Well Intervention, Workover & Integrity Management (EUALAAAJ), Indirect Potable Reuse (IPR) Utilities (Aquifer/Reservoir Augmentation) (EUANAGAB), Permitting, Environmental & Stakeholder Engagement (EIA/ESIA, Community Relations) (EUAMAAAB)

Keywords

• Well engineering consulting
• Drilling engineering services
• Carbon capture consulting
• Reservoir engineering services
• Underground injection wells

Headquarters

HQ city

Golden

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Revenue model

1. Engineering Consulting Services: Professional engineering and consulting services including reservoir engineering, geosciences, drilling engineering, frac and completion engineering, and permitting support. Revenue is generated through project-based consulting engagements with oil and gas operators, municipalities, and industrial clients.
2. Wellsite Supervision: On-site supervision services for drilling, completion, frac operations, and workover activities. Supervisors provide daily operational and cost reporting, quality control, and regulatory compliance oversight.
3. Project Management and Field Execution: Full lifecycle project management services from initial reservoir characterization through well remediation, including procurement, QAQC, and site restoration.
4. Environmental and Regulatory Services: Environmental compliance consulting, air quality permitting, greenhouse gas reporting, stormwater permitting, and regulatory coordination with EPA and state agencies.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

IPT Well Solutions is a subsurface engineering consulting firm that provides well engineering, drilling, completion, and environmental compliance services to oil and gas operators, municipalities, and carbon capture developers. The firm delivers engineering consulting, wellsite supervision, project management, permitting support, and reservoir/geosciences services across the full well lifecycle, from reservoir characterization through plug and abandonment. It also extends its expertise to carbon sequestration, solution mining, geothermal, and hyperscale data center backup energy storage projects.

Product overview

IPT Well Solutions is an independent consulting firm providing comprehensive subsurface engineering, wellsite operations, and environmental sustainability services. The company offers a portfolio of consulting service lines including Well Engineering/Drilling/Completion, Oil and Gas Services, Underground Storage & Disposal Wells, Carbon Capture & Storage, Solution Mining, Geothermal, Legal Support, Environmental Permitting, Reservoir Engineering, Geosciences, and Hyperscale Data Center Energy Solutions. These services are delivered through specialized teams covering the full energy lifecycle from initial reservoir characterization and permitting through drilling execution, completions, facilities, and final plugging and abandonment. The company operates primarily in the US with projects across major basins and serves clients ranging from independent operators to municipalities and energy developers.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Well Services Engineering and field supervision services for oil and gas wells including wellsite management, frac stim consulting, completion engineering, drilling management, and saltwater disposal well planning and execution for upstream oil and gas operators.
• Underground Storage & Disposal Wells Expert engineering, planning and design for saltwater disposal wells, brine disposal wells, natural gas storage caverns, and other injection wells serving industrial and municipal clients.
• Carbon Capture & Storage (CCS) Services Full-service carbon sequestration consulting including reservoir engineering, Class VI permitting, well engineering, geomechanics, plume modeling, and Measurement, Reporting & Verification (MRV) for CO2 storage projects.
• Solution Mining Services Consulting for solution mining projects including geological and hydrogeological assessments, resource estimation, technical feasibility analysis, and subsurface economic analysis for extracting minerals such as trona, lithium, and uranium.
• Geothermal Well Drilling Services Engineering and consulting for geothermal energy projects including Enhanced Geothermal Systems (EGS), geological surveys, exploration drilling, reservoir stimulation, and environmental impact assessments.
• Legal Support Services Expert witness testimony, oil and gas valuation services, reserves valuation for ad valorem taxes, estate tax valuation services, and pooling and spacing testimony for legal proceedings.
• Environmental Permitting & Compliance Services Comprehensive environmental consulting including air quality permitting, injection well environmental compliance, greenhouse gas reporting, stormwater permitting, and regulatory coordination with EPA and state agencies.
• Reservoir Engineering Services Advanced reservoir modeling, step rate testing, formation integrity evaluation, and production optimization using state-of-the-art tools and methodologies for fluid dynamics simulation and reservoir behavior prediction.
• Geosciences Services Subsurface geology studies, reservoir modeling, saltwater disposal studies, subsurface gas storage evaluations (CO2, hydrogen, natural gas), geomechanical modeling, and geochemistry services.
• Permitting Services Well permitting support for Class I, II, III, and V injection wells, handling regulatory applications, agency negotiations, site characterization, and compliance monitoring.
• Drilling Engineering Services Cost estimating, planning, design, and execution of complex drilling operations using integrated planning and execution approach, supporting oil and gas, carbon storage, natural gas storage, solution mining, geothermal, and wastewater disposal wells.
• Frac, Stimulation & Completions Engineering Hydraulic fracturing design and optimization, well stimulation strategies, completion techniques, real-time frac monitoring, and post-frac analysis to enhance reservoir productivity and recovery.
• Workover & Plug and Abandonment (P&A) Services Engineering-driven workover strategies for well optimization and plug & abandonment solutions ensuring regulatory compliance, wellbore isolation, and environmental safety.
• Production Facility Services Engineering and management of oilfield surface facilities including storage tanks, gas lift compression systems, and location piping for safe and efficient production operations.
• Hyperscale Data Centers Backup Energy Solutions Front-end feasibility, siting strategy, and UIC-grade subsurface engineering for low-carbon backup energy storage wells serving hyperscale AI data centers, meeting ESG and tax-credit requirements.

Quantifiable outcome

• Served 500+ clients with 6,000+ projects completed over 30+ years
• +4 more outcomes

Named customers13 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Seven partnerships are on record, tiered core, major and notable.

• Greenland Energy CompanycoreStrategic or Co-development Partner · 25 March 2026IPT Well Solutions is engaged as an operational partner for Greenland Energy Company's Jameson Land Basin exploration project in East Greenland. The partnership involves field-readiness and drilling execution support for two exploration wells (OPW-1 and OPW-6) targeting approximately 13 billion barrels of gross un-risked prospective resources. IPT joins Halliburton and Stampede Drilling as key operational partners.
• HalliburtoncoreStrategic or Co-development PartnerHalliburton is contracted for drilling services as part of Greenland Energy Company's Jameson Land Basin exploration program. The partnership involves providing drilling services for the first modern onshore drilling campaign in the East Greenland region, with operations expected to commence in H2 2026.
• Stampede DrillingcoreStrategic or Co-development PartnerStampede Drilling is engaged as an operational partner for Greenland Energy Company's Jameson Land Basin exploration project, providing drilling rig services for the exploration wells in East Greenland.
• DesgannéscoreStrategic or Co-development PartnerDesgannés provides arctic logistics support for Greenland Energy Company's drilling operations in East Greenland, enabling equipment mobilization and field operations in the challenging arctic environment.
• Baker HughesmajorStrategic or Co-development PartnerIPT Well Solutions and Providence Operating partnered with Baker Hughes to successfully drill nine high-performance wells, demonstrating collaboration between operators, service companies, and engineering consultants.
• National Renewable Energy Laboratory (NREL)notableStrategic or Co-development PartnerIPT collaborated with NREL on analyzing nonproductive time in geothermal drilling operations, showcasing adaptable analytics across energy domains. This research collaboration was presented at the 42nd Workshop on Geothermal Reservoir Engineering at Stanford University.
• 80 Mile PLC / White Flame Energy A/SnotableStrategic or Co-development PartnerThrough the Greenland Energy Company engagement, IPT serves the joint venture interests of 80 Mile PLC and its subsidiary White Flame Energy A/S, which retain a 30% interest in the Jameson Land Basin licenses.

Scale indicators6 records

Recent moves8 records

Expansion highlights5 records

Direct peers

• RPS Group: RPS Group provides subsurface, environmental, and energy consulting to oil & gas operators worldwide, with strong capabilities in well engineering, geosciences, and regulatory permitting. Like IPT, RPS serves E&P clients with project-based engineering consulting, wellsite supervision, and environmental compliance support, making it a directly comparable consulting peer.
• Sproule: Sproule is a petroleum engineering consulting firm providing reserves evaluation, reservoir engineering, geosciences, and well services to upstream operators. Like IPT, Sproule combines technical subsurface expertise with commercial consulting for E&P clients and has expanded into CCUS and energy transition advisory.
• DeGolyer & MacNaughton: DeGolyer & MacNaughton is a premier petroleum engineering consultancy offering reserves auditing, reservoir engineering, and geoscience services to oil & gas clients globally. It is directly comparable to IPT in providing high-end technical subsurface consulting, though it skews more toward reserves evaluation while IPT emphasizes operations and wellsite execution.
• Netherland, Sewell & Associates: Netherland, Sewell & Associates is a petroleum consulting firm specializing in reserves and resource evaluations, geosciences, and reservoir engineering for upstream clients. It is comparable to IPT as a technical subsurface consultancy serving oil & gas operators, legal proceedings, and financial institutions.
• Haley & Aldrich: Haley & Aldrich is a geotechnical and environmental engineering consultancy serving energy, industrial, and infrastructure clients with subsurface and regulatory expertise. It is comparable to IPT in delivering subsurface consulting, regulatory permitting, and site characterization, with similar mid-sized consulting firm economics.

Broad incumbents

• TRC Companies: TRC Companies is a large environmental and engineering consulting firm serving energy, infrastructure, and industrial clients with permitting, compliance, and remediation services. It is a broad incumbent comparable to IPT's environmental, permitting, and Class I-VI injection well compliance practice, but operates at significantly larger scale across multiple verticals.
• Tetra Tech: Tetra Tech is a global consulting and engineering firm with deep water, environmental, and energy practices serving oil & gas, utilities, and renewables. It is comparable to IPT in offering environmental permitting, subsurface engineering, and water/wastewater consulting, but at much larger scale and broader vertical coverage.
• SLB (Schlumberger): SLB is the world's largest oilfield services company with integrated drilling, completion, subsurface consulting, and increasingly CCUS and digital capabilities. It overlaps with IPT's drilling engineering, completion, and CCUS consulting offerings as part of a much broader portfolio, representing both a competitive threat and a strategic acquirer reference.
• WSP: WSP is a global engineering consultancy with major energy, environmental, and water practices serving oil & gas operators, CCS developers, and infrastructure clients. It is comparable to IPT in providing subsurface, environmental permitting, and CCS consulting, though at much larger scale and across multiple infrastructure verticals.
• GHD: GHD is a global engineering, environmental, and construction services firm with energy, water, and geosciences practices serving oil & gas, mining, and infrastructure clients. It is comparable to IPT in delivering subsurface, environmental, and energy consulting services to industrial clients, though at significantly larger scale and broader geographic footprint.

Market position

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@iptwellsolutions
• Facebookfacebook.com/iptwell
• LinkedInlinkedin.com/company/integrated-petroleum-technologies-inc-

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about IPT Well Solutions