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.
Recommended Reading
Pembina Acquires Gas Midstream Assets in US$295MM Deal
2024-09-09 - Pembina (PGI) is acquiring midstream assets in a CA$400 million (US$295million) agreement with Canada’s Veren Inc., which will continue to operate the acquired battery assets.
Matterhorn Express, Partially Online, to Ease Permian Gas Bloat
2024-09-05 - The long-awaited Matterhorn Express pipeline is shipping small amounts of natural gas out of the Permian Basin, according to an E&P CEO.
Waha’s Negative Gas Prices Set an Unwelcome, Painful Record
2024-09-03 - Analysts: Gas producers are weathering nearly a month of negative natural gas prices thanks to hedging, but they can’t hold out indefinitely.
Canada’s Train Strike Goes Off—Then Back On—the Rails
2024-08-23 - After the Canadian government stepped in to end the work stoppage, the Teamsters Union indicated that the strike would go forward.
Enbridge Cuts Toll to Transport Crude from Canada to Gulf
2024-08-23 - The change comes three months after Canada tripled capacity to 890,000 bbl/d on the Trans Mountain Pipeline.