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
Range Resources Expecting Production Increase in 4Q Production Results
2024-02-08 - Range Resources reports settlement gains from 2020 North Louisiana asset sale.
To Dawson: EOG, SM Energy, More Aim to Push Midland Heat Map North
2024-02-22 - SM Energy joined Birch Operations, EOG Resources and Callon Petroleum in applying the newest D&C intel to areas north of Midland and Martin counties.
Tech Trends: Halliburton’s Carbon Capturing Cement Solution
2024-02-20 - Halliburton’s new CorrosaLock cement solution provides chemical resistance to CO2 and minimizes the impact of cyclic loading on the cement barrier.
Petrobras to Step Up Exploration with $7.5B in Capex, CEO Says
2024-03-26 - Petrobras CEO Jean Paul Prates said the company is considering exploration opportunities from the Equatorial margin of South America to West Africa.
TotalEnergies Restarts Gas Production at Tyra Hub in Danish North Sea
2024-03-22 - TotalEnergies said the Tyra hub will produce 5.7 MMcm of gas and 22,000 bbl/d of condensate.