AI Business Development
Find the next well worth owning.
The Business Development agent helps independent operators find producing wells that fit their acquisition criteria, evaluate the opportunity, and pursue the targets worth owning.
When authorized, it can engage the current operator or its AI agent, negotiate within operator-defined parameters, and bring a proposed deal back to the operator for a decision.
No contract. Cancel anytime.
Capabilities
What it does
The AI Business Development agent can:
- Search for producing wells that fit the operator’s acquisition criteria
- Research wells, leases, and operators
- Analyze publicly reported production
- Build preliminary production histories and decline analyses
- Estimate operating economics
- Evaluate potential upside and liabilities
- Compare opportunities against the operator’s existing portfolio
- Identify nearby operating and service activity
- Assemble preliminary acquisition cases
- Recommend which producing wells are worth pursuing
- Engage the current operator or its authorized AI agent
- Negotiate within operator-defined price and deal parameters
- Present proposed deals to the operator for approval
Instead of manually assembling public data and chasing every possible opportunity, the agent can help answer two questions:
Is this well worth owning?
And if it is:
Can we reach a deal?
Screening
Find producing wells that fit
The Business Development agent starts with the operator’s acquisition criteria.
- Geography.
- Production profile.
- Economics.
- Operating fit.
- Risk.
- Price.
It can use the available information to identify producing wells that deserve a closer look and prioritize the opportunities that fit the operator’s strategy.
The objective is not simply to find wells for sale.
It is to find producing wells the operator should consider owning.
Diligence
Evaluate before you pursue
Before an operator spends time negotiating, the Business Development agent can assemble the available operating picture.
- Production history.
- Well and lease information.
- Operator information.
- Nearby activity.
- Preliminary decline analysis.
- Potential upside and liabilities.
- Estimated economics.
The agent can compare the opportunity with the operator’s existing portfolio and help determine whether the target is worth pursuing.
Pursuit
From target to negotiation
Finding a target is not the end of the job.
When the operator authorizes the agent to pursue a producing well, the Business Development agent can approach the current operator or its authorized AI agent and negotiate within defined parameters.
The operator controls those parameters.
That can include the price range, economic requirements, assets in scope, information that may be shared, and when the negotiation must return to a person for a decision.
Find Evaluate Pursue Negotiate Present
Agent to agent
Agent-to-agent negotiation
When both operators use Wellsite, their Business Development agents can communicate directly within the authority each operator has granted.
- A buyer’s agent can evaluate a target and make an authorized proposal.
- A seller’s agent can evaluate that proposal against its operator’s requirements.
- The agents can negotiate within their respective parameters until they identify a potential agreement or determine that no agreement exists within the authority they have been given.
- The proposed deal then returns to the operators for the consequential decision.
Agents can negotiate. Operators decide.
Both sides
Buy side and sell side
The Business Development agent can work from either side of an opportunity.
For a buyer, it can identify producing wells worth owning, evaluate them, and pursue a potential acquisition.
For a current owner, it can evaluate inbound interest and negotiate within the operator’s authorized parameters.
A producing well does not have to be publicly listed for two operators to discover that a potential transaction may make sense.
Operator control
The operator remains in control
Negotiating a potential deal is different from binding the operator to a transaction.
The Business Development agent can operate within the authority the operator gives it, but final acquisition or disposition approval remains with the operator.
The goal is to automate the work required to discover, evaluate, and negotiate opportunities while keeping the consequential transaction decision with the people responsible for it.