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.
S&P Global Platts had acquired RigData in 2016 for undisclosed financial terms. The pair had been content partners since 2008.
In an email to RigData customers on Aug. 6, Drillinginfo CEO Jeff Hughes said: “RigData has done an outstanding job providing the energy industry with timely information about drilling activity in the U.S., Gulf of Mexico, and Western Canada. After the continued growth of Drillinginfo’s OFS [oilfield services] business over the years, the acquisition of RigData will add to our organization a team with more than 30 years of history serving OFS customers.”
Hughes continued that Drillinginfo will work to integrate the RigData teams and data while continuing to support all existing contracts.
“RigData employees will immediately be considered a part of Drillinginfo, and as we make progress with the integration, we’ll communicate updates and information on how you will benefit from the combination of our companies,” he said.
Emily Patsy can be reached at epatsy@hartenergy.com.
Recommended Reading
Pembina Declares Series of Quarterly Dividends
2024-04-10 - Pembina Pipeline Corp’s board of directors declared quarterly dividends for series 1, 3, 5, 7, 9, 15, 17, 19, 21, 22 and 25.
Kinetik Holdings Enters Agreement to Pay Debt
2024-04-04 - Kinetik Holdings entered an agreement with PNC Bank to pay down outstanding debt.
Apollo Buys Out New Fortress Energy’s 20% Stake in LNG Firm Energos
2024-02-15 - New Fortress Energy will sell its 20% stake in Energos Infrastructure, created by the company and Apollo, but maintain charters with LNG vessels.
Summit Midstream Sells Utica Interests to MPLX for $625MM
2024-03-22 - Summit Midstream is selling Utica assets to MPLX, which include a natural gas and condensate pipeline network and storage.
Hess Midstream Announces 10 Million Share Secondary Offering
2024-02-07 - Global Infrastructure Partners, a Hess Midstream affiliate, will act as the selling shareholder and Hess Midstream will not receive proceeds from the public offering of shares.