Zavanna, LLC was formed in August of 1994, to exploit a unique proprietary computer-based technology for oil and gas exploration, development and acquisitions in the United States.
The technology we incorporated into The ExplorationStation, was developed as the result of a 16 year multidisciplinary effort. The power of the technology was in its unique ability to integrate several types of databases and to apply statistical analysis in a very compressed time frame. This allowed our expert users to perform unbiased and exhaustive quantitative analysis of geological, geophysical, engineering and production data compiled for large geographically defined areas of up to 30,000 wells, or areas defined by a trend, play or concept. It gave Zavanna, and its joint venture partners, the capability to conduct new exploration in existing producing areas, unmatched by any oil and gas company, large or small.
Zavanna pursued a strategy of forming strategic alliances, joint ventures or joint exploration agreements with industry partners that were designed to complement the technology. Joint ventures were formed during the late 1990's in portions of East Texas, West Texas, The Anadarko Basin of Oklahoma, Florida, the Williston Basin of North Dakota, and Alberta and Saskatchewan, Canada.
In early 2000, Zavanna concentrated its efforts in the Williston Basin to develop two of its significant discoveries (the Foreman Butte Field and the Briar Creek Field). In October of 2005 Zavanna sold a portion of its leasehold to Brigham in an effort to develop Bakken production. Zavanna has enjoyed tremendous growth in recent years with 6 employees at the end of 2005 to 54 in 2013.