ColdStream Energy
ColdStream Energy is a private Houston-based micro midstream gas processor that sells the MaCH4 NGL Recovery Solution, a patented Pressure Swing Adsorption system capturing NGLs from field gas at compressor stations and drilling operations while delivering lean fuel gas to engines.
- Company typePrivate
- Founded2008
- HeadquartersDallas, United States
- Headcount11–50
- GTM typeB2B
- OfferingHardware or Manufacturing
What ColdStream Energy does
ColdStream Energy, LLC is a private Houston-based micro midstream gas processing company founded in 2008 that has developed and commercialized the MaCH4 NGL Recovery Solution (NRS), a patented application of Pressure Swing Adsorption (PSA) technology for the oil and gas industry. The system captures natural gas liquids — achieving 60% recovery of C2 and 95% of C3+ — from field gas streams at compressor stations, drilling rigs, frac fleets, and microgrid power generation sites, while simultaneously producing lean, dry fuel gas (less than 1,100 BTU HHV) for compressor engines. The skid-mounted, modular hardware requires no external chemicals, refrigeration, storage tanks, or lubricating oil, and has demonstrated over 99% uptime in field deployments. The company claims operational outcomes including up to 75% VOC emission reduction, 8% CO2 reduction, and up to 9% horsepower improvement from elimination of engine derating.
ColdStream sells the MaCH4 system as custom-engineered capital equipment through direct enterprise field sales targeting upstream and midstream oil and gas operators in the United States. The value proposition addresses multiple operator pain points: lost NGL revenue from burning liquids as fuel, engine derating from rich fuel gas, regulatory permitting complexity around Potential to Emit thresholds, and freeze-up issues from conventional J-T skids. Quantified customer outcomes include annual NGL value recovery exceeding $1.2 million at a 7,500 HP compressor station. The company maintains dedicated application marketing for compressor stations, drilling rigs/frac fleets, and microgrids, and distributes technical content through its website, white papers, and industry conferences such as Super DUG and GPA Midstream.
The business is in early commercialization. Iron Horse Midstream is the only publicly named customer, with a 12-month pilot converted to a permanent installation in Q1 2025. ColdStream was named a finalist for the 2025 Platts Global Energy Awards. The leadership team comprises Mathias Schlecht (President and CEO) and Matt Thompson (SVP Sales & Marketing). No institutional investors, venture funding, parent company, or subsidiaries are disclosed.
ColdStream Energy firmographics
Firmographics- Name
- ColdStream Energy
- Legal name
- ColdStream Energy, LLC
- Website
- https://coldstreamenergy.com
- Company type
- Private
- Founded year
- 2008
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- ColdStream Energy is a private Houston-based micro midstream gas processor that sells the MaCH4 NGL Recovery Solution, a patented Pressure Swing Adsorption system capturing NGLs from field gas at compressor stations and drilling operations while delivering lean fuel gas to engines.
- Ownership category
- akta.pro rank
ColdStream Energy industry classification
Industry- Product category
- Natural Gas Processing Equipment
- NAICS
- Oil and Gas Field Machinery and Equipment Manufacturing (333132)
- SIC
- Oil & Gas Field Machinery & Equipment (3533), Oil & Gas Field Services, Nec (1389)
- akta.pro primary industry
- Gas Processing Plant Equipment & Skids (Separators, Heat Exchangers, Turboexpanders) (EUAAABAH)
- akta.pro secondary industries
- Natural Gas Liquids (NGL) / Condensate Field Gathering Systems (TLAGAJAC), Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB)
Keywords
Where ColdStream Energy is headquartered
LocationHeadquarters
- HQ city
- Dallas
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
ColdStream Energy business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales
Revenue model
- MaCH4 NGL Recovery System Sales: Sale of the MaCH4 NGL Recovery Solution hardware systems to upstream and midstream operators. The company provides capital equipment that is skid-mounted for rapid deployment at compressor stations, drilling rigs, frac fleets, and microgrid applications. Revenue is generated through equipment sales with potential for ongoing service and maintenance contracts.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | — | Custom enterprise pricing based on project scope and deployment requirements |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels4 records
ColdStream Energy product offering
Product offeringCore offering
ColdStream Energy designs, manufactures, and sells the MaCH4 NGL Recovery Solution (NRS), a skid-mounted capital equipment system that uses patented Pressure Swing Adsorption (PSA) technology to capture Natural Gas Liquids (NGLs) from natural gas streams while simultaneously delivering lean, dry fuel gas to compressor station engines. The company deploys these custom-engineered systems at compressor stations, drilling rigs, frac fleets, and microgrid sites for upstream and midstream oil and gas operators in the United States.
Product overview
ColdStream Energy offers the MaCH4 NGL Recovery Solution (NRS) as its core product, using patented Pressure Swing Adsorption (PSA) technology. The system captures Natural Gas Liquids (NGLs) from fuel gas streams instead of burning them, while simultaneously delivering lean, dry fuel gas to natural gas fired engines and equipment. The MaCH4 PSA Technology serves as the underlying proprietary technology. Fuel Gas Conditioning services complement the product by treating raw natural gas for optimal engine performance. The company serves three main application areas: Compressor Stations, Drilling Rigs and Frac Fleets, and Microgrids. The solution is skid-mounted, modular, and designed for remote monitoring and unattended operations with no external chemicals, refrigeration, freeze-ups, storage tanks, compressors, or generators required.
Differentiator
Problem solved
Functional benefit
Brands
- MaCH4: NGL Recovery Solution using Pressure Swing Adsorption (PSA) technology to capture Natural Gas Liquids instead of burning them, delivering lean fuel gas to compressor stations while enabling downstream monetization of recovered NGLs.
Products and services
- MaCH4 NGL Recovery Solution (NRS) Patented skid-mounted Pressure Swing Adsorption (PSA) system that captures NGLs from natural gas streams and delivers lean, dry fuel gas to compressor station engines, achieving cryogenic-level recovery rates of 60% C2 and 95% C3+. Sold as custom-engineered capital equipment to upstream and midstream oil and gas operators.
- MaCH4 Solution for Compressor Stations Application-specific deployment of the MaCH4 NGL Recovery Solution for natural gas compressor station operations, recovering NGLs from field gas and delivering residue-quality fuel gas for station engines.
- MaCH4 Solution for Drilling Rigs and Frac Fleets Application-specific deployment of the MaCH4 NGL Recovery Solution for hydraulic fracturing operations and drilling rigs, conditioning field gas for on-site power generation and recovering NGLs at remote well sites.
- MaCH4 Solution for Microgrids Application-specific deployment of the MaCH4 NGL Recovery Solution for natural gas microgrid power generation, delivering residue-quality fuel gas to distributed generation systems at remote oilfield sites.
Quantifiable outcome
- NGL recovery of 60% C2 and 95% C3+ enabling over $1.2MM annual NGL value for a 7,500 HP station
- +4 more outcomes
Companies that use ColdStream Energy
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles3 records
ColdStream Energy technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
ColdStream Energy partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Iron Horse MidstreamcoreIron Horse Midstream partnered with ColdStream Energy for a rigorous pilot project testing the MaCH4 NGL Recovery Solution at a compressor station. The pilot validated the technology's ability to recover over 99% of C4+ and over 85% of C3 NGLs, with the project converted to permanent installation in Q1 2025. This partnership provided key field validation data for the MaCH4 technology.
Scale indicators5 records
Recent moves6 records
Expansion highlights4 records
ColdStream Energy competitors and assessment
Company assessmentDirect peers
- Pioneer Energy: Pioneer Energy designs mobile, modular gas processing units and flare gas reduction systems deployed at upstream and midstream sites. Its compact processing skids compete for the same compressor station and wellsite NGL recovery and fuel gas conditioning use cases that ColdStream's MaCH4 addresses.
- Croft Production Systems: Croft Production Systems manufactures production equipment and modular processing units for oil and gas operators, including fuel gas conditioning and gas treatment skids. It competes with ColdStream for capital equipment budgets at compressor stations and gathering facilities.
- Mestena Operating: Mestena Operating runs small-scale, distributed gas processing and NGL recovery facilities in the Permian and other basins. As a micro-midstream operator with its own processing technology, it is a competitor in capturing NGL value at the wellhead that ColdStream targets with its skid-mounted systems.
- Expander Energy: Expander Energy focuses on small-scale, distributed natural gas processing and NGL/fuel gas conditioning solutions, with a similar micro-midstream orientation to ColdStream's MaCH4 skid-mounted approach. Both target producers and midstream operators seeking to monetize NGLs and condition field gas without large centralized infrastructure.
- KETEK Solutions: KETEK Solutions designs and services NGL recovery and gas conditioning equipment for upstream and midstream applications. Its processing skids and field services overlap directly with MaCH4's fuel gas conditioning and NGL recovery value proposition.
Broad incumbents
- Enerflex: Enerflex engineers, manufactures, and services gas processing, compression, and NGL recovery equipment globally. Its modular processing and rental compression solutions overlap with ColdStream's skid-mounted MaCH4 systems for upstream and midstream gas conditioning applications.
- Honeywell UOP: Honeywell UOP licenses gas processing technologies and supplies adsorption, fractionation, and treating systems used in NGL recovery plants. While its scale and breadth exceed ColdStream's, UOP's adsorption and gas processing IP competes for the same end-customer NGL recovery budgets as MaCH4.
- Chart Industries: Chart Industries is a large established manufacturer of cryogenic gas processing equipment, including NGL recovery and LNG liquefaction systems. Its broad portfolio overlaps with MaCH4 in the gas processing equipment market, though Chart's core offerings are cryogenic rather than PSA-based.
- Targa Resources: Targa Resources is a large midstream operator with extensive NGL processing, fractionation, and gas gathering infrastructure. It is both a potential customer (deploying MaCH4 at its compressor stations) and a competitor (offering in-house processing economics that operators compare against).
Regional players
- Natural Gas Services Group: Natural Gas Services Group provides compression rental and sales to the U.S. natural gas industry, frequently colocated with the same gathering and processing facilities where MaCH4 skids are deployed. While not a direct processing competitor, NGSG's customer relationships and equipment footprint make it a channel and adjacency peer for ColdStream.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat3 records
Key risks7 records
Key highlights7 records
Customer concentration
ColdStream Energy social profiles
Digital presenceColdStream Energy financial estimates
Financial estimateRevenue estimate
Valuation estimate
ColdStream Energy leadership team
Management profileNumber of profiles
Profiles2 records
ColdStream Energy funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
ColdStream Energy M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about ColdStream Energy
What does ColdStream Energy do?
ColdStream Energy designs, manufactures, and sells the MaCH4 NGL Recovery Solution (NRS), a skid-mounted capital equipment system that uses patented Pressure Swing Adsorption (PSA) technology to capture Natural Gas Liquids (NGLs) from natural gas streams while simultaneously delivering lean, dry fuel gas to compressor station engines. The company deploys these custom-engineered systems at compressor stations, drilling rigs, frac fleets, and microgrid sites for upstream and midstream oil and gas operators in the United States.
Is ColdStream Energy a public or private company?
ColdStream Energy is a private company. It is classified as unknown and is currently operating.
When was ColdStream Energy founded?
ColdStream Energy was founded in 2008. It employs 11 to 50 people.
Where is ColdStream Energy based?
ColdStream Energy is headquartered in Dallas, United States, in the North America region.
How does ColdStream Energy make money?
One revenue line is on record: maCH4 NGL Recovery System Sales.
Who are ColdStream Energy's main competitors?
Direct peers on record are Pioneer Energy, Croft Production Systems, Mestena Operating, Expander Energy and KETEK Solutions. Broad incumbents are Enerflex, Honeywell UOP, Chart Industries and Targa Resources. Natural Gas Services Group is listed as a regional player.
Does ColdStream Energy have an API?
No public API is recorded for ColdStream Energy.
What industry is ColdStream Energy in?
ColdStream Energy's product category is Natural Gas Processing Equipment. Its primary akta.pro industry code is EUAAABAH, Gas Processing Plant Equipment & Skids (Separators, Heat Exchangers, Turboexpanders), with a secondary code of TLAGAJAC, Natural Gas Liquids (NGL) / Condensate Field Gathering Systems. Its NAICS code is 333132 and its SIC code is 3533.