Remote Well Solutions
I didn’t realize the gap between a good idea and making it a marketable product. NMSU’s Arrowhead Center introduced us to new and connected us to investors.
Providing continuous fresh water for livestock is a constant challenge for New Mexico ranchers. Mike and Corina Lisk of Remote Well Solutions, LLC, have developed a line of off-grid pumping systems, designed to alleviate watering problems. Although the pumping system saved as much as 60% in fuel costs alone and had other benefits, they found that ranchers were resistant to change. Remote Well Solutions took advantage of the NMSBA Program at New Mexico State University’s (NMSU’s) Arrowhead Center to address their need for business-related assistance.
The NMSBA team at the Arrowhead Center assessed the systems developed by Remote Well Solutions for their market size and demand, pricing, and competition, based on the systems’ technical comparative advantages. Remote Well Solutions’ products are fully automated, off-grid pumping systems that utilize a propane generator with an intelligent control to sense water levels, automatically turning on and off as needed. The systems’ capacity to respond automatically allows ranchers to reduce costs related to time, fuel, water, and maintenance.
Based on the information received from the Arrowhead Center, Lisk is currently working on expanding the markets for these pumping systems, including oil wells and Forest Service campgrounds. Remote Well Solutions was recently chosen as a sole-source pumping system provider for the Forest Service in New Mexico and Forest Service campgrounds in Arizona. Arrowhead Center’s assistance has also allowed Lisk to engage with an investor from the oil field industry. Lisk estimated that new market opportunities will result in 12 to 20 direct new jobs, with the potential for more jobs as the business expands.