WellDog Recognized as Among Fastest Growing Tech Companies in U.S.
17 November, 2015 (Laramie, WY) – WellDog announced today that Deloitte has recognized the company as the 101st fastest growing technology company in North America. The recognition was made as part of Deloitte’s annual Technology Fast 500 list, a ranking of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech public and private companies in North America. Among its industry peers in energy technology, WellDog was ranked seventh out of 16 companies, behind Tesla Motors but ahead of Solar City.
“In the current industry downturn, advanced technologies such as our WatchDog reservoir monitoring products can significantly improve the economics of shale wells by making operations more efficient,” said Pope. “Our technical products and services have been able to fill a major need by the industry, and we see a bright future with continued growth ahead.”
WellDog’s downhole WatchDog reservoir monitoring products employ electronic and fiber optic pressure and temperature sensing systems to monitor hydraulic fracturing activities, identify areas requiring additional infill wells, and optimize oil and gas production conditions. The company is also commercializing services targeted at characterization of complex reservoirs in order to locate directly shale bound oil and gas resources and optimize productivity of hydraulic fracturing stages.
In addition to Deloitte’s recognition, the Wyoming Business Report, in its November publication, listed WellDog as the fastest growing company in Wyoming, based on revenue, and the third fastest growing company based on employment. http://wyomingbusinessreport.com/?attachment_id=8383
WellDog attributes some of its growth to a new facility in Laramie, WY, which now houses its Reservoir Technology Center as well as its Global Headquarters. The new facility has allowed WellDog to nearly double its Wyoming-based employees in 2015.
Governor Matt Mead of Wyoming commented on WellDog’s growth: “Hats off to WellDog for making Deloitte’s 2015 Technology Fast 500 list! Growing a business quickly is an achievement at any time, but growing an energy business quickly at this time is nothing short of phenomenal. WellDog’s development and use of innovative technologies to improve oil and gas and other energy production are a boon to the industry and provide the company a competitive edge that’s hard to beat. I wish WellDog continued success.”
These recent recognitions complement WellDog’s 88th and 534th ranking on Inc. magazine’s 500|5000 List of Fastest Growing Private Companies in America, which listed private companies from any industry, in 2012 and 2014.
