Woolpert has acquired Geomatics Data Solutions (GDS), a marine and terrestrial survey data firm, to expand and deepen its geospatial service offerings, the company said in a press release on May 22.
GDS has 10 years of experience collecting, processing and performing quality control of hydrographic lidar, topographic lidar, acoustic survey data and traditional land-based survey data.
With this acquisition, Woolpert is establishing a maritime solutions market within its geospatial sector. The market complements the sector’s government solutions and national security markets and expands and supports Woolpert’s ability to comprehensively serve its geospatial clients.
Woolpert Geospatial Sector Leader Joseph Seppi said the high-quality bathymetric lidar and acoustic hydrographic services that GDS expertly provides, combined with Woolpert’s industry-leading aerial and terrestrial lidar capabilities, allow Woolpert to provide fully integrated lidar data services to clients around the world.
“We are now able to provide highly accurate elevation data from land to the near coastal environment to underwater, seamlessly merging that data to address vital worldwide issues like coastal resiliency, sea-level rise and hundreds of other economic, environmental and social concerns,” Seppi said.
The Houston-based company, which provides drilling and well completion services, plans to sell around 9.3 million shares at between $12 and $15 per share in coming days.
The reductions were partly offset by ExxonMobil adding 1 billion barrels of new oil and gas reserves in the U.S., Kazakhstan, Papua New Guinea, Indonesia and Norway.
ExxonMobil said about 900 million boe in its portfolio now qualify as proved reserves under U.S. SEC Guidelines due to the rebound of oil prices in 2017.