Alliance formed for internet collection of well data

08/28/2000
Gruy Petroleum Management Co., a subsidiary of Magnum Hunter Resources Inc., Irving, Tex., has formed a strategic alliance and capital investment program with internet technology company Aurion Technologies Inc., of Dallas.Gruy will use remote monitoring devices on producing oil and gas properties to obtain real-time well data, transmitted through the internet by Aurion. The data will allow personnel to monitor and control production efficiently.Under terms of the agreement, Gruy will install about 2,000 monitoring devices on certain properties it manages. Magnum Hunter owns some; others are operated for third parties.Aurion's data center, in Dallas, will manage the daily communicatio...
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