Luther Birdzell

And we're identifying insights to save a five to 10% of costs per well, um, which is, you know, 400 to $800,000, 400,000 to a million dollars per well.

Um, and

it's, there's a lot of capital we can, uh, yeah.

Yeah.

So, so our tool, Nathan, our product, the insights workflow is cloud-based data management, advanced analytics, uh,

and insight visualization that was purpose-built for geologists, geophysicists, and petroleum engineers to be able to reduce data management time from days to minutes, to be able to create world-class machine learning models in less than five minutes without having to write a single line of code, and then to be able to challenge and understand those machine learning models and kind of the computer's analysis

through the lens of physics and their experience, that's critical for industries like oil and gas, and then to be able to visualize those insights in a form that directly ties to improved capital allocation in these very large drilling programs.

Okay.

Monthly fee to access our web-based software.

For our customers, there's no hardware to buy.

There's no new people to hire.

No software to install and maintain on the desktop.

So we're working with companies.

I'm going to answer a different question first.

We're working with companies that don't have any drilling rigs yet.

So these are, you know, PE-backed kind of startup oil companies that are looking for land.

to companies running one to two drilling rigs, you know, small programs, all the way up to some of the largest independents that are running over 20 drilling rigs across multiple basins.

So our software scales and across that, you know, really almost the whole spectrum of the market, you know, those monthly fees range, you know, the monthly licensing costs

It ranges from about 10 to 50K a month.

Well, optimization is continuous improvement.