Crusoe Energy Systems, Alkane Midstream Agree to Resolve Lawsuit
Source: www.gulfoilandgas.com 3/21/2023, Location: North America
Crusoe Energy Systems LLC (Crusoe) and Alkane Midstream LLC (Alkane) announced today that they have agreed to resolve a lawsuit related to patent infringement.
Both parties have agreed to dismiss the lawsuit and enter into a mutually beneficial license agreement. Denver-based Crusoe builds and operates Digital Flare Mitigation systems, a technology that converts otherwise stranded and flaring natural gas into on-site computation to reduce waste and emissions. Alkane provides power generation and alternative fuel solutions in the Permian and Williston Basins.
The initial lawsuit was filed in August 2022 with the Denver Division of Colorado’s Federal Court.