SynMax Extends Satellogic Deal to Grow Oil, Gas Insights Platform
SynMax has expanded its partnership with Satellogic Inc., utilizing the satellite imaging company's high-frequency, high-resolution imagery to enhance monitoring of oil and natural gas production across North America.
The collaboration will triple the number of wellheads monitored by SynMax’s Hyperion platform to more than 100, providing imagery multiple times per week. This increased coverage aims to deliver near real-time insights into drilling rig and frac crew activity, helping hedge funds and financial analysts predict short-term changes in production on a per-wellhead basis.
“Satellogic’s cost-effective, high-frequency, high-resolution imagery offers a significant advantage over traditional ground-based and observational methods of monitoring,” said Mark Carmichael, VP of Sales at Satellogic.
The expanded partnership also supports SynMax’s growing services for financial markets. With Satellogic’s enhanced monitoring capabilities, SynMax plans to track new wellheads globally as they become operational, offering valuable data to inform trading strategies in commercial energy markets.
“SynMax is committed to delivering actionable insights that drive investment alpha,” said Eric Anderson, co-founder and CTO of SynMax. “Our partnership with Satellogic enhances our ability to provide clients with timely, accurate production data to inform their trading strategies. We look forward to a continued and growing partnership.”
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