WellAware

Overview
Oil & Gas Tech?
Product stageSegments
Early
?
Monitoring and management (Upstream & Midstream)
?

WellAware is a technology company that provides remote monitoring solutions for industries such as oil and gas. Its core offering is On Demand Chemical, an oil field chemical injection automation solution that enables customers to monitor chemical usage, automate injection processes, improve performance, and maintain low operational costs. The company utilizes intelligent controllers and on-site sensors to collect data from customers' equipment, which is then transmitted to a secure cloud environment hosted on Amazon Web Services (AWS). WellAware leverages AWS services like Amazon Elastic Compute Cloud (Amazon EC2), AWS IoT Core, Amazon Relational Database Service (Amazon RDS), and Amazon Elastic Kubernetes Service (Amazon EKS) to process and store this data. In August 2022, an oil field technology company reported achieving a net return of USD 1.3 million after investing in WellAware's solutions, with expectations of eventually achieving annual returns in the tens to hundreds of millions of dollars as the technology is further adopted.

Key customers and partnerships

WellAware partners with industrial customers, including oil and gas companies, to help them reduce operating expenses, limit safety incidents, drive sustainable impacts, optimize labor force, improve decision quality, optimize supply chains, ensure equipment health, and eliminate production downtime. One of its customers, Escondido Resources, has praised WellAware for providing better and faster data, enabling quicker decision-making and focusing on critical operations.


Sources

Disclaimer: This company profile has been generated using data obtained through automated web searches and advanced generative AI technology. While we strive to ensure the accuracy and reliability of our sources, auto-generated information could be outdated or inaccurate and should be verified independently.
HQ location:
2330 N Loop 1604 W, Suite 110 San Antonio TX USA
Founded year:
2012
Employees:
51-100
IPO status:
Private
Total funding:
USD 59.5 mn
Last Funding:
USD 16.0 mn (Series B; Sep 2015)
Key competitors
 
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Company profile
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