Launched earlier this year, Plano-based Brane is developing software that will help predict where the next profitable well is located, which it is looking to build out with the help of a $100,000 crowdfunding effort. If we're the first guys out there talking and knocking on doors, odds are we're probably going to get a better price. "
As Brane continues to build out its product, Carlisle sees other opportunities to train the AI to look for other minerals, like identifying former fracking sites where lithium has potentially developed in the saline water injected back into the ground.
"There's going to be a big opportunity for our product, as these operators kick it back into high gear," Carlisle said. "COVID has thrown a lot of the charts out the window. It is going to come to a point where we're going to be a little bit short on oil. That's going to be a great opportunity to use our product to go out and find where these operators are going to start drilling and actively putting new wells down.
source: https://www.bizjournals.com/dallas/inno/stories/news/2021/08/19/brane-paul-carlisle.html
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