User:De-Stavness/sandbox
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| Company type | Private |
|---|---|
| Industry | Energy, Oil and Gas, Business Information Systems, Enterprise Software, Analytics |
| Founded | 1999 |
| Founders |
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| Headquarters | Austin, Texas, United States |
Key people |
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| Products |
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Number of employees |
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| Website | Enverus.com |
| Footnotes / references [1] | |
Enverus, formerly Drillinginfo is a privately held company based in Austin, Texas. The company accelerates workflows and business-critical decision processes for the oil & gas industry resulting in faster, smarter, safer exploration and production of global resources with their comprehensive array of information, intelligence, and analysis platforms. [2]
Enverus has more than 2,700 accounts globally with more than 20,000 users. Enverus members produce more than 90% of domestic oil & gas in the United States. The Company is headquartered in Austin, Texas but has offices throughout the U.S in addition to the UK, Southeast Asia, and South America. [3]
The name change comes on the 20th anniversary of Drillinginfo's founding, and one year after the company was acquired by San Francisco-based private equity firm Genstar Capital LLC. and its achievement of surpassing $300 million in annual recurring revenue. Enverus is a portfolio company of Genstar Capital. [4]
History
[edit]Drillinginfo, now named Enverus, was founded in 1999 by Allen Gilmer and Mark Nibbelink and is based out of Austin, Texas. [5]
Products
[edit]Enverus products fall under three different business categories: Enverus Drillinginfo, Enverus Trading & Risk, and Enverus Business Automation.[6]
Enverus Drillinginfo products aggregate and analyze proprietary data to help clients make critical business decisions in the oil & gas industry.
Enverus Trading & Risk products use specialized data to emphasize information so customers can make accurate and growth-oriented decisions in the energy industry.
Enverus Business Automation products automate category-specific business processes to uncover inefficiencies in spending.
Acquisitions
[edit]On November 2009 Drillinginfo acquired HPDI, a provider of production data and web-enabled analytical software tools to the oil and gas industry. [7]
Austin-based energy industry data provider Drillinginfo Inc. acquired County Scans for an undisclosed amount in July 2012 [8]
On October 2016 Drillinginfo purchased GlobalView Software Inc., a Chicago company that develops analytics and risk management software for energy and agricultural businesses and maker of flagship product MarketView. [9]
On October 2017 Drillinginfo announced it acquired London-based DataGenic, a global leader in software solutions for enterprise data management and business process automation. [10]
Drillinginfo acquired Oklahoma City-based Oil-Law Records in November of 2017, one of the first oil and gas industry information providers in the U.S. [11] [12] [13] [14]
Drillinginfo acquires Pattern Recognition Technologies, a global leader in energy forecasting in December of 2017 for an undisclosed amount. [15] [16]
Oildex, a financial software and services company for the North American Oil & Gas industry, has been acquired by Drillinginfo on September 2018. [17] [18] [19]
Oil and gas data analytics company Drillinginfo expands into the mineral rights management sector with the acquisition of MineralSoft in December 2018. [20] [21]
February 2019 Cortex, a provider of accounts payable and accounts receivable solutions for the oil & gas sector, has agreed to be acquired by Drillinginfo [22]
On March 2019 Austin oilfield data company Drillinginfo acquires Midland Map Co. in a move to expand its services in the Permian Basin of West Texas. [23] [24]
Drillinginfo said June 12 2019 that it had acquired 1Derrick and PLS research and database business, to expand the firm's market analysis and deal valuation products. [25] [26]
On June of 2019, Enverus agreed to be acquired by San Francisco-based Genstar Capital, a private equity firm that invests in software and industrial technology. [27]
In July of 2019 Drillinginfo acquires Red Dog Systems. [28] [29] [30]
Drillinginfo Inc. acquired RigData from S&P Global Platts on Aug. 6 2019, adding RigData to the Texas-based company’s growing portfolio. [31]
External links
[edit]Category:Technology companies of the United States Category:American companies established in 1999 Category:Software companies established in 1999 Category:Information technology companies of the United States Category:Proprietary software
References
[edit]- ^ "Society of Petroleum Engineers (FY Aug. 31, 2019)". Society of Petroleum Engineers. 2019.
- ^ "Drillinginfo Crunchbase".
- ^ "Drillinginfo Crunchbase".
- ^ "Drillinginfo Crunchbase".
- ^ https://www.crunchbase.com/organization/drillinginfo#section-overview
- ^ https://www.globenewswire.com/news-release/2019/08/22/1905489/0/en/Drillinginfo-Announces-Name-Change-to-Enverus.html
- ^ https://www.bizjournals.com/austin/stories/2009/11/30/daily7.html
- ^ https://www.bizjournals.com/austin/news/2012/07/12/drilling-info-buys-county-scans.html
- ^ https://www.bizjournals.com/austin/news/2016/10/11/as-oil-price-rebounds-drillinginfo-opens-up-wallet.html
- ^ https://www.insightpartners.com/about-us/news-press/drillinginfo-acquires-enterprise-data-management-leader-datagenic/
- ^ https://oklahoman.com/article/5571216/oklahoma-oil-records-company-sold%7C
- ^ https://www.ogpe.com/articles/pt/2017/11/oil-law-records-oklahoma-state-oil-and-gas-drilling-tracker-to-be-acquired-by-drillinginfo.html
- ^ https://www.bizjournals.com/austin/news/2017/11/07/drillinginfo-austins-largest-oil-and-gas-services.html
- ^ https://journalrecord.com/2017/11/07/drillinginfo-buys-oil-law-records/
- ^ https://www.forbes.com/sites/davidblackmon/2018/12/03/how-one-ai-learning-tool-helps-oil-companies-reduce-costs/#33e13e626073
- ^ https://www.bizjournals.com/austin/news/2017/12/05/austins-drillinginfo-gets-into-electricity-and.html
- ^ https://www.accel-kkr.com/accel-kkr-backed-oildex-acquired-by-drillinginfo/
- ^ https://www.denverpost.com/2018/09/18/drillinginfo-acquires-oildex/
- ^ https://www.naturalgasintel.com/articles/115824-brief----drillinginfo-buys-oildex
- ^ https://fuelfix.com/blog/2017/04/11/drillinginfo-joins-mineralsoft-to-expands-into-mineral-rights-management/
- ^ https://www.texastechpulse.com/drillinginfo_buys_mineralsoft/s-0077102.html
- ^ https://www.pymnts.com/news/b2b-payments/2019/drillinginfo-cortex-acquisition-ar-ap-automation/
- ^ https://www.chron.com/business/energy/article/Drillinginfo-buys-Midland-Map-Company-in-move-to-13701442.php
- ^ https://www.mrt.com/business/oil/article/Drillinginfo-acquires-Midland-Map-Co-13701380.php
- ^ https://www.hartenergy.com/news/drillinginfo-acquires-1derrick-pls-research-and-database-business-117435
- ^ https://hl.com/about-us/transactions/transaction-detail/12884903310/
- ^ https://www.americaninno.com/austin/inno-news/after-making-10-acquisitions-of-its-own-austins-drillinginfo-has-been-acquired/
- ^ http://vaquerocap.com/press/vaquero-advises-red-dog-on-acquisition-by-drillinginfo/
- ^ https://finance.yahoo.com/news/enverus-boosts-collection-world-class-131500644.html
- ^ http://www.wsiltv.com/story/41033536/enverus-unveils-operator-intelligence-delivering-unprecedented-and-unparalleled-insight-on-180-oil-and-gas-producers
- ^ https://www.hartenergy.com/exclusives/drillinginfo-acquires-rigdata-sp-global-platts-181872