Digital Downhole Inc. | Application Preview
Digital Downhole Inc. is seeking government funding to complete R&D, begin manufacturing their commercial oil pump design, and expand operations across the U.S. Their technology—a unique long-stroke, high-rate, horizontally operating positive displacement pump—is unmatched in the market and designed to extract untapped oil reserves. The funding will help them meet rising demand they currently can't fulfill due to limited capital, expand into new markets, and support U.S. energy independence by making formerly unprofitable drilling locations viable.
Having self-funded for six years, the company has developed a viable product with strong market interest. They're currently limited by space and resources but have proven their persistence and innovation by overcoming regulatory, technical, and financial challenges. The technology offers significant advantages over traditional methods, including cost reductions and emissions benefits, and faces limited direct competition beyond large industry incumbents. If funded, their solution could reduce energy costs, increase domestic oil access, and support a cleaner, more efficient energy sector.
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General Information
Business Registration Number: N8YCTZ6QTUM7
Location: Houston, TX, United States
Length of Operation: 6-10
Number of Employees: 1-10 Employees
Annual Gross Income: Less than $100k
Annual Gross Expense: $100k to $250k
Open to Loans: NO
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Funding Usage
The funding requested will allow the company to finalize R&D on the technology, manufacture our commercial design, deploy field pilots, and service more areas of the US to unlock our energy potential. We have had limited working capital to date, but we have bootstrapped our way to a viable product that has more orders than we can fulfill with our current financial setup. The funding would allow us to build the inventory necessary to grow the company.
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Business Plan
The funding requested will allow the company to finalize R&D on the technology, manufacture our commercial design, deploy field pilots, and service more areas of the US to unlock our energy potential. We will grow our business by opening new field locations to sell the products to more oil companies, lowering energy prices to consumers and reducing emissions in the process. Currently we operate out of a small shop in Oklahoma, but we cannot meet demand or develop solutions to meet all our customer requests, and this funding would fix that. Digital Downhole has survived the test of time - over the last six years we have fought and overcome all obstacles. Limited funding, patent examiners, and the laws of physics themselves. We have overcome them all with a small team, and we will continue to deliver results for anyone who invests in the company.
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Self Identified Competition
There are no competitors with a product like ours (long stroke, positive displacement, high rate, horizontally operating oil pump). Competitors with competing technologies would be large service companies like Schlumberger, Weatherford, etc. We have the only technology that can unlock the last 10% of oil reserves form oil and gas wells. Our technology also allows superior economics for new wells to be drilled - the CAPEX and OPEX costs are much lower when using our technology. This means that areas that were previously unprofitable to drill are now profitable, and can help unlock American energy production.
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Contact Applicant
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