SynMax expands ‘Oil-Nat Gas; contract with Satellogic, no terms

Satellogic (SATL) announced an expansion of its contract with SynMax, a leading U.S. satellite data analytics firm. SynMax will leverage Satellogic’s high-frequency, high-resolution imagery to enhance its Hyperion platform, delivering unparalleled oil and natural gas production monitoring for hedge funds and financial analysts. Under the contract, Satellogic will triple the number of wellheads monitored by SynMax across North America to more than 100, providing imagery multiple times per week. Hyperion’s near real-time insights into drilling rig and frac crew activity give analysts an edge in predicting short-term changes in oil and natural gas production on a per-wellhead basis.