By Tyler Losier, Energy Reporter, Oil & Gas 360 Drillinginfo changes corporate name to Enverus Drillinginfo, an energy SaaS and data analytics company, is officially changing its corporate name to Enverus, marking both the company’s 20th anniversary and its achievement of surpassing $300 million in annual recurring revenue. According to an Enverus press release, the new name is comprised of
“Maps found nowhere else on earth” Drillinginfo (DI) has acquired the Midland Map Company, and its current and historical intelligence on Lease and Ownership, Producing Zones, Wildcat Maps, Base Maps, and various “other maps found nowhere else on earth,” Drillinginfo said in a press release. Midland Map Company uses skilled draftsmen and printing personnel to create world-class, hand-drafted and printed maps
According to a recent report from Drilling Info, 2Q 2018 activity was low with only $8.7 billion in mergers and acquisitions compared to the quarterly average since 2009 of $17.8 billion. Drilling Info believes this was partially due to investors’ incessant cry for positive cash flow, forcing many companies to become pure-play to achieve this outcome. E&P company’s divestments now
