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SynMax Expands Contract With Satellogic to Drive Company’s Oil and Natural Gas Production Monitoring Offering
Satellogic (NASDAQ: SATL) has expanded its contract with SynMax, a U.S. satellite data analytics firm, to enhance SynMax's Hyperion platform. This expansion will triple SynMax's monitoring of oil and natural gas wellheads across North America to over 100, providing high-frequency, high-resolution imagery multiple times per week.
The partnership aims to offer real-time insights into drilling rig and frac crew activity, aiding financial analysts and hedge funds in predicting short-term changes in oil and natural gas production.
Satellogic's cost-effective satellite fleet offers a significant advantage over traditional monitoring methods. This collaboration supports SynMax's growing services in the financial sector, enabling global tracking of new wellheads. Both companies emphasize the importance of this partnership in delivering actionable insights for investment intelligence.
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