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Luther Birdzell

๐Ÿ‘ค Speaker
142 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

And we're progressing forward there.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Uh, we're still a private company, Nathan.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

It's, uh, we're, we're between, we're between five and 10.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Yep.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

I was going to say on the spectrum of SAS software for like, go in, swipe a credit card and it's like, you know, 10 to 50 bucks or a hundred bucks a month.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

to enterprise software that's delivered through a SaaS model.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

We're closer to the enterprise software delivered through a SaaS model, which it's the right fit for solving this problem for this industry.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

It's the right fit.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

And on that delivery model, it's actually a critically important part of making our customers successful, is that we have staffed, our consultants have all worked for oil companies,

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

They have degrees in geology, geophysics, and petroleum engineering, and in a bunch of cases, advanced degree, you know, master's and PhDs.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

They are also data scientists.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Yes, they are.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Okay.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Those individuals work with our users, the geologists, geophysicists, and petroleum engineers in the oil companies on a peer-to-peer basis.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

And we've proven that's the right model for this industry.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

My hypothesis is that

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

the more AI and machine learning are rolled out in the industrial sector.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

So this is using these enabling technologies to affect relatively few, very high cost or high consequence decisions, requires kind of delivering, enabling the capabilities on a peer-to-peer basis with the subject matter experts.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

The model centers around that fundamentally, you know, it's man plus machine is better than man or machine, right?

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

So you