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.
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