Westwood Global Energy Group acquired Houston-based market research firm Energent Group Software LLC for an undisclosed amount, the company said April 6.
The addition of Energent’s information and analytics platform, plus industry specialist analyst team "significantly expands" Westwood’s capabilities in the onshore U.S. shale market, said the company press release.
The acquisition includes proprietary and detailed well-lifecycle data comprised of drilling pad trends, well completions metrics, frack sand and downhole chemicals with analysis and interpretation.
"The acquisition of Energent is an important step in the formation of Westwood, as developing our presence and capability in the U.S. market is a principal component of our vision," Gavin Prise, chairman of Westwood, said in a statement.
Westwood is a private equity-backed group of energy research, analysis and consulting companies headquartered in Aberdeen. The company also has offices in London, Houston and Singapore.
As long as tariffs on gas remain, traders will be reluctant to commit to deals.
The terms of the trade deal imply an absolutely massive increase in Chinese imports of U.S. energy, and if this actually comes to pass, it will have serious disruptive effects across global markets.
Natural gas, ethane and propane struggle with too much output and more to come.