Drillinginfo Inc. acquired RigData from S&P Global Platts on Aug. 6, adding a team with decades of history serving oilfield service customers to the Austin, Texas-based company’s growing portfolio.
The transaction, of which Drillinginfo didn’t disclose the value, follows a series of deal-making by the data analytics software company this year. Recent acquisitions include the purchase in March of Midland Map Co., a nearly 70-year-old mapmaking company based in the Permian Basin.
Founded in 1986, RigData provides customers in North America with daily electronic reports on drilling permits, activity and rig locations in the U.S., the Gulf of Mexico and Canada. Customers use the information to identify new sales opportunities, assess market share, identify exploration trends, find available rigs, identify new production and monitor market activity.