HUNTER TECHNOLOGY - STRATEGIC PARTNERSHIP WITH WELLDATABASE
VANCOUVER, British Columbia , April 21, 2021 (GLOBE NEWSWIRE) -- Hunter Technology Corp. (TSX-V: HOC; OTCQB: HOILF; WKN: A2QEYH, FSE: RWPM, ISIN: CA4457371090) (“Hunter” or the “Company”) is pleased to announce a strategic partnership with WellDatabase, a leading oil and gas data Software-as-a-Service (SaaS) company headquartered in Houston, Texas, specializing in consolidating, and analysing oil and gas data.
The WellDatabase partnership will allow Hunter to fully integrate with and capitalize on WellDatabase’s decades of operational E&P data from across the United States and Canada. Enhanced value benefits to OilEx users include:
- Access to profiles on millions of oil and gas wells, from a variety of sources.
- Streamlining of real time market information for producers, enhancing the competitiveness of the physical oil market information for purchasers.
- Enhanced ability for independent producers to claim their production sites and easily access their data.
- Delivery of additional value-added services including allocated and organized production data, well productivity and economics analytics overlayed with advanced mapping.
“Data has become a necessity in our industry,” said John Ferrell, Co-Founder and CEO of WellDatabase. “We are proud to partner with innovative tech companies, like Hunter, to collectively deliver better resources and results to the oil and gas industry for superior mapping, analytics, and data management.”
Hunter’s OilEx platform is powered by blockchain technology and designed to support end-to-end process flow for physical oil transactions from deal discovery, negotiation, and contracts through to settlement. Hunter is now taking the next steps in the development of its integrated platforms by partnering with WellDatabase. The availability of deeper data will streamline and enhance the ability of producers to offer their product and for buyers to improve the discovery of attractive transaction opportunities in a visual map-based interface on OilEx, leading to higher transaction volumes. The resulting real-world benefits are optimized prices, simpler processes, improved transparency, and the support of environmental responsibility.