- B2B
- Early StageStartup in initial stages
- Website
- Locations
- Austin
- Midland
- Company size
- 1-10 people
- Total raised
- $200K
- Company type
- Internet Of ThingsIndustrial Automation
- Market
Petrolog Automation careers
Petrolog Automation offers the service of remote monitoring and automation for pump-jack oil wells.
With our patented technology and proprietary hardware and software, Petrolog offers the following benefits to oil well operators:
* Increase production. On average our automation service increases production by 0.5 barrels of oil per day. Even at $40/barrel, the service pays for itself easily.
* Lower workforce cost. Remote monitoring reduces the need of a "pumper" to visit the well at least once per day, one of the highest operating costs for a well.
* Lower maintenence cost. The automation service reduces the risk of having a rod parted due to pump running on empty.
Our service is offered in a subscription-based model that has no upfront costs, a great advantage in these low-oil-price times.
Founded in 2007, we already have installed 300+ devices for companies in the Permian Basin (Midland/Odessa, TX area), including Parsley Energy, Yates Petroloeum, Setller Energy and BVX.
With our patented technology and proprietary hardware and software, Petrolog offers the following benefits to oil well operators:
* Increase production. On average our automation service increases production by 0.5 barrels of oil per day. Even at $40/barrel, the service pays for itself easily.
* Lower workforce cost. Remote monitoring reduces the need of a "pumper" to visit the well at least once per day, one of the highest operating costs for a well.
* Lower maintenence cost. The automation service reduces the risk of having a rod parted due to pump running on empty.
Our service is offered in a subscription-based model that has no upfront costs, a great advantage in these low-oil-price times.
Founded in 2007, we already have installed 300+ devices for companies in the Permian Basin (Midland/Odessa, TX area), including Parsley Energy, Yates Petroloeum, Setller Energy and BVX.
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Cesar Chavez
MSc in Computer Information Systems, real world experience in the Oil and Gas industry, and technical know-how from multinational corporations.
Luis Alonso Ramos
CEO / Founder of Intelectix, a software development company since 2004. Involved with several software-based ventures since then.
Valuation
$450K
Funded over
1 round
Latest round
Seed (Feb 2016)
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