HNR Acquisition Corp Announces AI Innovations Planned to Reduce Operating Expenses and Improve Efficiencies

HOUSTON, TX / ACCESSWIRE / September 12, 2024 / HNR Acquisition Corp (NYSE American:HNRA) (the "Company" or "HNRA") is an independent upstream energy company with oil and gas properties in the Permian Basin. Today, the Company announces that the field is rolling out improved automation techniques that will lead to operational efficiencies and enhanced oil production.

The Company has contracted with a software provider to pilot test a state-of-the-art software application ("app") that will allow the field lease operator to use a single App versus multiple apps, which will lead to enhanced operations. The pilot test will be with two of our field operators, and then roll-out to all our field operators.

Key attributes of the automation include:

• Consolidating into a single application for the tool to be used by the operators

• Single entry input

  • ProdView production inputs

  • Sensor data (TP & CP)

  • XSPOC data from pumping wells

  • Import pressure, rate and volume data from each Water Station

  • Import tank gauge data from TankLogix

  • Gas meter readings

• Replace Microsoft Teams as our daily field communicator to tie communications to locations, tasks, actions, and outcomes

• Optimize field team routes to our wells and tank batteries to reduce miles driven and fuel consumption

• Operate by exception by identifying wells that are not operating normally to accelerate remediation and maintain or increase production

• Provide a single source to order parts for maintenance to optimize supply chain spend

• Identify opportunities for full automation based on existing infrastructure and telemetry

Key cost savings include:

• Improved safety with real time monitoring and alarms of critical systems

• Improved uptime by having all producing wells alarmed so an operator does not lose time to address and correct a problem

• Improved environmental compliance with a greatly reduced risk of mishaps by having all critical tank batteries and satellites monitored and alarmed

• Less driving time to "check up on things" when you have a dashboard and cameras to monitor field operations

• Efficiencies that will allow the field crews to bring new wells into production without additional costs