FINDING YOUR NEXT DEAL

As a consultant or small business owner, you're either knee-deep in an existing project or on the hunt for your next big opportunity. While hustling on your current project, you tap into the wealth of data in our platform to fulfill your customer's needs every step of the way. But here's the kicker - once that project wraps up, why not leverage the power of WellDatabase to uncover game-changing insights that will lead you straight to your next lucrative deal?

WELLDATABASe discovery WORKFLOW

In this post, we will walk you through how other small business owners have successfully embraced the full potential of WellDatabase. They have discovered this invaluable resource is beneficial for their customers and plays a pivotal role in driving their success.

TARGET PROSPECT                     

You have discovered a unique solution that solves problems for the oil and gas industry. Your innovation and hard work deserve recognition beyond your existing customer base. It is highly probable offset operators are facing similar challenges as your current customers.

How do you identify your ideal customer?

• Characteristics of Wells
• Geographic Location
• Size of Company
• Volumes
• Events

Chances are a combination of these attributes will determine your next target company.

INDUSTRY RESEARCH                     

Once you have identified the characteristics of companies likely to purchase your solution in the future, utilizing the powerful tools in WellDatabase becomes essential. These tools allow you to compile a comprehensive list of the companies that align with the key traits of your ideal customer, ensuring that your sales efforts are targeted and effective.

Regardless of your criteria for searching for companies, WellDatabase guides you toward the wells and operators that meet your parameters. The platform offers countless combinations to explore, allowing you to fine-tune your search and find the perfect match for your solution. Here are a few examples:

RADIUS

Customers frequently try to identify wells and/or offset operators within a specific distance from another well or injector site. This is an efficient way to find neighboring operators. However, customers also consider other well characteristics to refine their filters further and narrow down the wells and operators.

NUMBER OF WELLS

Target companies with a specific number of wells in a particular area. Find operators with less than 100 or more than 500 wells to focus on companies most likely to benefit from your solution based on their well count.

STRIPPER WELLS

Identify wells producing less than 60 barrels of oil. By filtering for this specific production threshold, you can identify companies that may require additional support or solutions to optimize their operations.

FRAC INGREDIENTS

Is your solution based on wells that have used specific ingredients in frac operations? In that case, search for ingredients to target companies based on the specific frac ingredients they utilize, ensuring that your solution aligns perfectly with their needs.

ABANDONED WELLS

Identify abandoned wells within a specific region. This information is crucial for companies looking to repurpose or remediate abandoned wells, and by targeting these specific regions, you can provide valuable solutions to address these environmental concerns.
 

Finding the operator becomes a breeze in the analytics once you have narrowed your search results to include the wells that match your criteria.

APPLY YOUR METHOD                     

If you can demonstrate improved production on the wells you previously worked with, our data can help you further enhance your proposal. Analyze the performance and historical production data of the wells that would benefit from your services. Utilize the same mathematical increase seen in the wells where you have provided services and showcase the results to the wells that meet your application requirements.

Use decline curves to apply forecasts on your targeted area and generate sample data for your potential clients by combining their historical data with the known benefits of your solution.

CONTACT OFFSET OPERATORS     

After identifying your potential customers, reaching out to them and communicating the benefits they can experience, just like their neighbors, is important. Additionally, don't hesitate to ask your current customers for testimonials demonstrating how your product or service has positively impacted their business.

CONCLUSION

Although this article offers a few examples of how WellDatabase can be used to identify wells or operators that could benefit from specific applications, many more potential combinations remain to be explored. Click the button below to schedule a time, and let's collaborate on finding the best approach to discover your next customer. Let's brainstorm together!