RS Energy Group said Dec. 12 it acquired NavPort, a completion and production data company serving the upstream oil and gas market. Terms of the transaction weren't disclosed.
The acquisition adds a key data component to RS Energy's service offerings, the Calgary, Alberta-based company said.
NavPort was created to fill an industry need for reliable and comprehensive production and completion data and was spun out of Preferred Sands in September 2014. Its team, based in Pennsylvania, specialize in data gathering, visualization and analytics.
The combination of RS Energy and NavPort provides energy investors, operators and service companies with intelligence that integrates financial, operational and geological data. The culmination of these efforts, RS Data™, will be available to RS Energy's customers in early-2017, the company said.
The company added that its purchase of NavPort follows a majority investment in RS Energy by Warburg Pincus in late-2015.
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