AI-driven technology mitigating multi-million-dollar risks in hydraulic fracturing operations.
Oklahoma City, Oklahoma – September xx, 2024 –
Momentum AI, a leading innovator in AI-driven solutions for the oil and gas industry (mxv.ai), today announced a strategic partnership with DIGITZ, a premier AI consulting firm (digitz-hd.com). Together, they aim to spearhead the go-to-market strategy for Momentum’s groundbreaking AI technology.
This collaboration aims to significantly reduce Fracture-Driven Interactions (FDIs) during hydraulic fracturing operations, unlocking unprecedented levels of efficiency, environmental responsibility, and cost savings for oil and gas companies worldwide.
Fracture Driven Interactions (FDIs), a multi-million dollar annual risk for the industry, pose a significant challenge to completions and production operations, leading to costly downtime, reduced production, and potential environmental damage. Momentum AI's cutting-edge technology leverages the power of artificial intelligence to proactively identify and mitigate FDI risks, enabling operators to make real-time, data-driven decisions that optimize hydraulic fracturing performance and safeguard the environment.
Key benefits of this partnership and Momentum AI's technology include:
● Drastic Reduction in FDIs: By predicting and preventing FDIs, oil and gas companies can significantly reduce non-productive time, increase well productivity, and improve overall operational efficiency.
● Enhanced Environmental Stewardship: Minimizing FDIs translates to reduced water and chemical usage, lower emissions, and a smaller environmental footprint for hydraulic fracturing operations.
● Substantial Cost Savings: Avoiding FDIs eliminates production losses, the need for costly remediation efforts, lowers operational expenses, and maximizes the return on investment for completions projects.
● Industry Transformation: This partnership will spark a paradigm shift in completion techniques, ushering in a new era of AI-driven efficiency, sustainability, and profitability for the oil and gas sector.
"We are thrilled to partner with DIGITZ to accelerate the adoption of our AI-powered FDI mitigation technology," said Reid Thompson, COO of Momentum AI. "Together, we will empower oil and gas operators to overcome the challenges posed by FDIs, unlock the full potential of their completions operations, and drive a sustainable future for the industry."
“Partnering with Momentum AI allows us to bring transformative AI solutions directly to the forefront of the oil and gas industry,” said Todd Haller, CEO of DIGITZ. “Our combined expertise will revolutionize how companies approach hydraulic fracturing, enhancing both ROIC and environmental responsibility.”
This strategic alliance between Momentum AI and DIGITZ marks a pivotal moment in the evolution of the oil and gas industry. By harnessing the power of AI to mitigate FDIs, this partnership is poised to deliver substantial benefits to operators, the environment, and the global energy landscape.
Learn More About our Revolutionary Technology
Discover how Momentum AI’s groundbreaking, AI-powered FDI prevention solution can transform your hydraulic fracturing operations. Visit www.mxv.ai to explore our technology in depth, schedule a personalized demo, or contact us directly to find out how we can help optimize your completions, reduce costs, and enhance environmental sustainability.
About Momentum AI
Momentum AI is a pioneering technology company dedicated to developing AI-driven solutions that optimize completion operations, reduce costs, and enhance environmental sustainability for the oil and gas industry.
About DIGITZ
DIGITZ is a leading AI consulting firm specializing in helping business leaders leverage the power of artificial intelligence to achieve their strategic objectives and drive innovation.
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Reid Thompson
COO, Momentum AI
Email: Reid@mxv.ai
Phone: +1 918-906-8466
Website: www.mxv.ai
Todd Haller
CEO, DIGITZ
Email: Todd@digitz-hd.com
Phone: +1 405-323-8031
Website: www.digitz-hd.com
Connect with us on social media
LinkedIn: Momentum AI | DIGITZ
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