Drillbox, Inc., to Launch Low Cost Well Data SAAS Platform at SPE Low Permeability Symposium May 5th

Press Release • Apr 18, 2016

Denver, Colorado, April 18, 2016 (Newswire.com) - ​ As many companies in the Oil and Gas sector have moved to cut budgets, a start-up company providing well data is hoping that their offering will fill a once cost prohibitive need at a very attractive price point.

Matt Showalter, drillbox CEO explains their strategy and comments on the company's timing, "We had a vision to offer quality, current, oil and gas production data at a reasonable price by leveraging the latest open source technologies combined with the power of the Amazon server infrastructure.  The market has softened considerably since we started building drillbox and it has created a financial strain on a lot of organizations.  I'm confident that our launch can ease some of that strain and help companies save on operational costs when it will be of most benefit to them.  We're continuing to add new areas, and update existing well data every month in our effort to become known as the best overall production data solution."

"We had a vision to offer quality, current, oil and gas production data at a reasonable price by leveraging the latest open source technologies combined with the power of the Amazon server infrastructure. The market has softened considerably since we started building drillbox and it has created a financial strain on a lot of organizations. I'm confident that our launch can ease some of that strain and help companies save on operational costs when it will be of most benefit to them. We're continuing to add new areas...we can always deliver what our customers need"

Matt Showalter, CEO drillbox, Inc.,

The 2016 Society of Petroleum Engineers Low Permeability Symposium is being held at the Hyatt Regency Denver May 5th and 6th and will feature an expansive technical session. To learn more about the event the Symposium's website is www.spelps.org

Founded in 2016 drillbox, Inc provides well data by subscription for as low as $29 a month. For more details, you can visit the company website at www.drillbox.co or on twitter @drillbox

Source: drillbox, Inc.,

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About drillbox, Inc.,

drillbox, Inc., is a software as a service company that provides accurate, affordable and current access to permit, completion, and production data for oil and gas wells in the United States.

www.drillbox.co
drillbox, Inc.,

Cheney, WA
99004

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