Hugh Winkler

Founder & CEO, Factor Technology · 1 appearance on the record.

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founderexecutivescientistengineerfactor.technology ↗

Hugh Winkler pioneered an algorithmic approach to geosteering using Bayesian networks to probabilistically calculate subsurface geologic structure and wellbore placement. He commercialized this methodology by founding Factor Technology, which provides the cloud-based automated geosteering advisor platform Factor Drive to horizontal drilling operators.

6statements → 3claims → 2claims resolved → 3.67/5average certainty → 1.5/5average debate potential →

2 supported 0 partly supported 0 contradicted 1 not yet assessed how the 3 claims stand · each chip opens the sources

1 prediction · 2 assertions · 1 insight · 2 disclosures · every statement was checked. The prediction and assertions are the 3 claims: statements the public record can support or contradict. 2 are resolved, 1 is not yet assessed. Everything else (opinions, insights, what ifs, disclosures) can never be settled by the record, so it carries no assessment.

The record, in short

What the tape says about how Hugh argues and how the claims held up. Everything they said, and everything said about them, is in the tabs below.

Their most notable supported claim

Assertion Supported
Winkler: Texas oil wells require hydraulic fracturing because gushers are gone
“The kind of formations they're producing in Texas mostly now are no longer the rich flowing ones, you know, with gushers. That doesn't happen much anymore. What happens now is that they have to They have a little trickle coming in after, and only after they fr…”
Hugh Winkler Aug 29, 2023 ▶ 4:56 6 Oil Drilling Companies Pay Him to Map Hard to Quantify Oil Well Pay Zone's

How they sound: not measured why? →

We measure speaking style by listening to the audio itself, and a fair number needs at least 2,000 words from one person on tape we have measured. There is too little of Hugh Winkler on measured tape to publish a rate. This says nothing about how they speak.

Everything Hugh Winkler said on Top Founders that made the record, most notable first. Filter by type, assessment or year in the ledger →

Prediction Open · timeframe Aug 2028
Winkler predicts all oil geosteering will be automated within five years
“But I think it'll eventually prevail so that in five years, nobody, nobody's manually doing GPS during the old way. They might be, might not be using hard software, but I think in five years, people will all be doing it in this computed automated fashion. That…”
Hugh Winkler Aug 29, 2023 ▶ 12:01 6 Oil Drilling Companies Pay Him to Map Hard to Quantify Oil Well Pay Zone's
Disclosure
Factor Technology has one top-ten US company and several consultancies as clients
“So we, we've got one top 10 US company Using the software and several smaller consultancies.”
Hugh Winkler Aug 29, 2023 ▶ 6:00 6 Oil Drilling Companies Pay Him to Map Hard to Quantify Oil Well Pay Zone's
Disclosure
Winkler: Factor Technology charges credit card users $90 per day
“Well, yeah, it's like, well, it's 90 dollars a day, but it's.”
Hugh Winkler Aug 29, 2023 ▶ 9:30 6 Oil Drilling Companies Pay Him to Map Hard to Quantify Oil Well Pay Zone's
Insight
Factor Technology requires high-touch onboarding to change user workflows
“I think that our software requires a sort of a change of workflow for a lot of these consultancies. So they need a high touch experience with us. And so far we're really, you know, one thing I would say the arm's length approach is not giving us that ability t…”
Hugh Winkler Aug 29, 2023 ▶ 14:52 6 Oil Drilling Companies Pay Him to Map Hard to Quantify Oil Well Pay Zone's
Assertion Supported
Winkler: Texas oil wells require hydraulic fracturing because gushers are gone
“The kind of formations they're producing in Texas mostly now are no longer the rich flowing ones, you know, with gushers. That doesn't happen much anymore. What happens now is that they have to They have a little trickle coming in after, and only after they fr…”
Hugh Winkler Aug 29, 2023 ▶ 4:56 6 Oil Drilling Companies Pay Him to Map Hard to Quantify Oil Well Pay Zone's
Assertion Supported
Winkler: Major oil operators historically outsource overnight geosteering monitoring
“So a lot of these big companies outsource this function because it's a person has to stay up all night watching screens and they don't like to do it themselves. So they outsource the job to workers. You know, who work in shifts, watch the screens, take the mea…”
Hugh Winkler Aug 29, 2023 ▶ 6:14 6 Oil Drilling Companies Pay Him to Map Hard to Quantify Oil Well Pay Zone's

Appearances (1)

EpisodeDateSpeaking time
6 Oil Drilling Companies Pay Him to Map Hard to Quantify Oil Well Pay Zone's Aug 29, 2023 9m
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