On Nov. 15, Drillinginfo said it acquired the assets, product lines and related services associated with Ponderosa Energy, a division of Ponderosa Advisors LLC.
Ponderosa Energy provides market intelligence for investment customers in the crude oil, natural gas and LNG markets, usingstate-of-the-art proprietary databases and analytical tools.
The acquisition includes Ponderosa Energy’s production forecast tools such as The Fundamental Edge, a subscription-based market outlook service, and PRODcast, an online tool that allows users to run forecast scenarios specific to their needs in real time. The one-of-a-kind production forecast model allows users to better understand more than 500 breakevens across the U.S. and assess relative economic advantages of specific producers based upon acreage, productivity, and cost.
Ponderosa Energy employees will join the Drillinginfo office in Littleton, Colo. Porter Bennett, president and CEO of Ponderosa Advisors, will join Drillinginfo’s board of directors.
Recently, Drillinginfo acquired GlobalView and its flagship product, MarketView, which monitors price movements for companies across the energy supply chain.
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