Finding Natural Resources

It cost a lot to find oil, gold and other resources. And then when you do there all sorts of unforeseen obstacles, regulations, people problems and so on. Having the ability to run a trajectory analysis and best case scenarios on your hard data can sometimes lead to immense cost savings in both time and capital.

EXAMPLE –  $2 Million to drill a hole and with 18 test sites, this wildcatter was looking for a better than usual hit ratio. Even with geology studies on his side, he hired PSI TECH to try out a ‘new’ intell approach. Not only was the oil in the ground, but the data provided insight on which wells would be the best producers long term and what obstacles to overcome. This made one oil man very happy, with 4 over producing wells and only one dry hole, and he is a whole lot richer.