Updated: Jan 5, 2022
DENVER, CO. – December 31, 2021, Funk Futures, a leading Energy Tech sales and recruiting agency, today announced an exciting new partnership with Endla, an emerging cloud software company revolutionizing Well design for oil and gas operators. Endla delivers significant ROI by completely optimizing and streamlining Well engineering workflows for maximum performance. Through machine learning, Endla’s proprietary algorithm predicts outcomes to enable field wide efficiencies and improved Well performance that aligns with business objectives. Their first product, AlphaSpace, is an auto-design tool for Well completions that optimizes production lifetime value. Their second innovation, Visualization, is a 3D subsurface virtualization tool that provides Engineers a next generation 360 degree view of a Well with all relevant data in one place.
Endla’s Co-Founders Michael Moore and Riley O’Donnell have backgrounds as process and software engineers for behemoths like ExxonMobil and Santos. They started Endla with the vision of bringing the energy industry forward by making processes significantly more efficient and cost effective. “We use physics to develop core technology that lowers the cost of physical engineering assets. Our product is being used by major Australian operators to lower CAPEX and OPEX of coal seam gas Wells. Working with Funk Futures gets us fast access to the North American market and helps us manage overhead by leveraging their highly connected and experienced team,” said the Co-Founders in a joint statement.
In XX, Riley appeared on Funk’s podcast, Tripping Over the Barrel which appears on the Digital Wildcatters platform.Find out how Endla became one of the only Energy Tech companies ever to be backed by Y Combinator’s startup accelerator program.
Funk Futures’ CEO, Jeremy Funk, thinks Endla’s product is a game changer for oil and gas operators. “Endla improves the unit economics for oil and gas operators by adding a level of predictive efficiency in Well design that has never been seen before. Add to that, they are only the second EVER Y-Combinator backed Oil & Gas Technology company. The immediate value and ROI using Endla’s software is immense, and I truly believe they could be one of the best cloud technologies this industry has ever seen.”
Endla empowers oil and gas companies to make auto-design and auto-operation software part of the workflow for engineers working with physical assets. The company’s revolutionary products optimize Well design by providing engineers with the highest quality options to measure against business objectives. Endla increases the value of oil & gas Wells by reducing installation costs, increasing the average time between workover, and improving the capture of production coals.Headquartered in Brisbane, Australia, Endla’s team is dedicated to accelerating the transition to digital tools that enable substantial improvements in engineering efficiency and performance in the energy space.
About Funk Futures
Funk Futures works with best of breed Energy Tech companies of all sizes to help leverage their offerings and create revenue opportunities across the industry. Funk Futures combines an unrivaled rolodex, energy industry knowledge, and a “Midas touch” to increase revenue and opportunities across the space.