We’re a tech startup that is buying oil wells.
For the right well, we can pay more than any other oil company
Because we invented new technology to cheaply and remotely operate wells
We value wells based on future cash flows. We project revenue by looking at historical production only and an average of oil forecasts. We ask you to supply your costs
Other operators underpay for certain wells and overpay for others to compensate for the many risks they take. We uniquely can buy individual wells because we can operate them remotely, so we can focus on wells with risks ew understand.
We want wells with high pumping costs, fairly stable production, and low margins.