Expansion of Commercial Partnership Triples SynMax’s Oil and Natural Gas Wellhead Coverage Powered by Satellogic’s Cost-Effective Fleet of High Resolution Satellites
Satellogic to Provide Imagery via SynMax’s Hyperion Platform; Further Solidifying Company as a Leader in Providing Earth Observation Data to Power Enterprise Decision Making
Satellogic Inc announced an expansion of its contract with SynMax, a leading U.S. satellite data analytics firm. SynMax will leverage Satellogic’s high-frequency, high-resolution imagery to enhance its Hyperion platform, delivering unparalleled oil and natural gas production monitoring for hedge funds and financial analysts.
Triple Coverage for Real-Time Oil Production Insights
Under the contract, Satellogic will triple the number of wellheads monitored by SynMax across North America to more than 100, providing imagery multiple times per week. Hyperion’s near real-time insights into drilling rig and frac crew activity give analysts an edge in predicting short-term changes in oil and natural gas production on a per-wellhead basis.
Meeting the Needs of Financial Markets
This collaboration supports SynMax’s growing services in the financial sector, enabling the tracking of new wellheads, globally, as they come online. Satellogic’s monitoring frequency and precision make innovative investment intelligence solutions viable for commercial energy markets.
“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.
Shaping the Future of Investment Intelligence
“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.”
Source: BUSINESS WIRE
