V.L. · WAVE 1 NETWORK

The V.L. network.
Who's getting it first.

V.L. compounds — every Wave 1 licensee strengthens the substrate for the next one. Twenty-seven Wave 1 invitations across four chains. Each candidate hand-picked for V.L. fit: the right assets, the right customers, the right partnership velocity. The list below is the actual Wave 1 invite list. If you're on it, you've already received our cover letter.

PHASE 1 · OilfieldChain · 9 invited

PHASE 1 · OPEN Wave 1 invitations open

Completion · frac · stimulation · wireline · 6 expected closes

Wave 1: Lime Instruments · Pason Systems · NCS Multistage · Cudd/RPC · Stress Engineering Services · Seismos · Rapidlogger Systems · DarkVision Technologies · Premium Oilfield Technologies

PHASE 2 · DrillChain · 7 invited

PHASE 2 · QUEUED Opens as DrillChain is ready

Drilling · rig · MWD/LWD · surface systems · 5 expected closes

Wave 1: Patterson-UTI Energy · Nabors Industries · Precision Drilling · Scientific Drilling International · Pason Systems (cross-phase) · Corva · Drilling Tools International

Dropped from Wave 1: H&P (owns MagVAR — structural conflict), Newpark (post-divestiture identity unclear)

PHASE 3 · ProductionChain · 5 invited

PHASE 3 · QUEUED Opens as ProductionChain is ready

Artificial lift · rod · ESP · gas · plunger · 4 expected closes

Wave 1: Flowco · Weatherford Production Intelligence (PRI) · Borets International (US + EU subsidiaries) · Tally Energy Services · Cactus Inc.

Lane has been gutted by SLB consolidation. Smaller Wave-1 invite list is intentional. Operator-direct lane (Pioneer / EOG / Devon shape) is the Wave-2 fallback if Tier 3 is thin.

PHASE 4 · OffshoreChain · 6 invited

PHASE 4 · QUEUED Opens as OffshoreChain is ready

Offshore + subsea · floaters · trees · ROV ops · 5 expected closes

Wave 1: TechnipFMC · Noble Corporation · Oceaneering International · Helix Energy Solutions · Expro Group · Innovex International

Dropped from Wave 1: Transocean (Valaris merger renegotiation risk), Subsea7 (Saipem merger), Aker (SLB-JV complication via OneSubsea). All three move to Wave 2 post-consolidation. Founding-seat holders are protected when they re-enter.

WAVE 2 · deferred invites

WAVE 2 · DEFERRED After consolidation events resolve

Five candidates deferred to Wave 2 across the four lanes. Re-invited as consolidation, merger, and identity-resolution events resolve. Wave-2 closes could add another $1.5–$2M ARR at maturity on top of the Wave-1 base.

Thirty introductory licenses across the network. Allocations close per chain in order. Once a chain's seats are full, Wave 2 is the next door.

— FIVE STAR · WAVE 1 NETWORK

The V.L. network.Who's getting it first.