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SaaS Interviews with CEOs, Startups, Founders

1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6683 Ratings

🗓️ 20 March 2019

⏱️ 19 minutes

🧾️ Download transcript

Summary

CEO – Luther Birdzell
Luther is an entrepreneur, data scientist and engineer passionate about energy efficiency, AI and self-service machine learning.

From boardrooms, to oilfields, to data centers, Luther has been building tools that transform data from a cost to an asset for over 20 years. He founded OAG Analytics in 2013 to build an AI and self-service machine learning platform for the oil & gas industry.

Transcript

Click on a timestamp to play from that location

0:00.0

founded and got their first customer in 2017. They've raised less than $3 million,

0:03.8

currently doing about 50, north of 50 grand per month in revenue. That's doing, you know,

0:08.0

between 5 and 10 customers who pay on average between 10 and 50 grand per month. It's too early

0:12.7

to talk about things like churn. They have less than a year kind of cohort there, but scaling

0:16.5

quickly, 20 folks on the team based between Houston and other remote locations around the country, willing to spend on the low end, you know, 5 grand, all the way up to 50 grand

0:24.0

and KAC payback period there is obviously fairly rapid with 10 to 50K per month contract values.

0:30.8

This is the top entrepreneurs podcast where founders share how they started their companies

0:36.7

and got filthy rich or crash and burn.

0:42.0

Each episode features revenue numbers, customer counts, and other insider information that creates

0:48.8

business news headlines. We went from a couple of hundred thousand dollars to two point7 million. I had no money when I started the company.

0:56.0

It was $160 million, which is the size of any IPOs.

1:00.0

We're a bit strapped.

1:01.0

We have like 22,000 customers.

1:04.0

With over 5 million downloads in a very short amount of time,

1:09.0

major outlets like Inc are calling us the fastest growing business show on iTunes.

1:14.0

I'm your host, Nathan Latka, and here's today's episode.

1:18.1

Hello, everyone.

1:18.5

My guest today is Luther Birdsell.

1:21.7

He's an entrepreneur, data scientist, and engineer passion about energy efficiency, AI,

1:25.7

and self-service machine learning.

1:28.3

From boardrooms to oil fields to data centers, he's been building tools that transform data from a cost to asset

1:32.9

for, from cost to asset for over 20 years. He founded oil and gas analytics in 2013 to build an

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