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
CERAWeek: Large Language Models Fuel Industry-wide Productivity
2024-03-21 - AI experts promote the generative advantage of using AI to handle busywork while people focus on innovations.
Cyber-informed Engineering Can Fortify OT Security
2024-03-12 - Ransomware is still a top threat in cybersecurity even as hacktivist attacks trend up, and the oil and gas sector must address both to maintain operational security.
Exclusive: Halliburton’s Frac Automation Roadmap
2024-03-06 - In this Hart Energy Exclusive, Halliburton’s William Ruhle describes the challenges and future of automating frac jobs.
Oil States’ ACTIVEHub for Digitized Assets
2024-03-14 - Oil States Energy Services’ new ACTIVEHub system and ACTIVELatch help operators remotely monitor and automate frac locations for a more efficient and safer wellsite.