Westwood Global Energy Group Expands North American Offering for the Unconventional Market
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Westwood Global Energy Group acquires market research firm,
Energent Group Software LLC (EGS)
Westwood
Global Energy Group, the private equity-backed group of energy
research, analysis and consulting companies, announced today the
acquisition of Houston-based market research firm, Energent Group
Software LLC. Westwood’s strategic vision is to create best-in-class
solutions for its customers. The addition of Energent’s information and
analytics platform, plus industry specialist analyst team expands
significantly Westwood’s capabilities in the onshore US market.
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Gavin Prise, Chairman of Westwood Global Energy Group (Photo: Business Wire)
The acquisition is a key step and brings to the fold proprietary and
detailed well-lifecycle data that includes drilling pad trends, well
completions metrics, frac sand, and downhole chemicals complemented by
insightful analysis and interpretation. Gavin Prise, Chairman of
Westwood Global Energy Group explained; “The acquisition of Energent
is an important step in the formation of Westwood, as developing our
presence and capability in the US market is a principal component of our
vision.
“Energent’s shared values and approach to research makes them an ideal
partner for us. Also, Energent’s powerful platform and rich information
analytics paired with Westwood’s market forecasting provides a strong
proposition. This is a truly exciting step for the Group and our
strategic vision to create best-in-class solutions for our customers.”
Todd Bush, Founder of Energent commented; “We set out with a
vision to build a market intelligence offering tailored to
unconventional Oil & Gas clients. Our goal was simple; to offer data,
analysis, and insights beyond other solutions available today. Through
that journey, we have found a partner who shares our vision, and can
assist with deepening and accelerating the delivery of that vision to
the benefit of our oilfield service and operator clients. The
combination of Westwood and Energent will create a powerful offering for
gaining data-driven insights into the US shale market and we are excited
about the potential.”
Westwood
Global Energy Group is headquartered in Aberdeen with offices in
London, Houston and Singapore and has over 60 employees. The Group aims
to continue to develop its global capability through a combination of
organic development and investment together with further acquisitions of
like-minded organisations.
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Copyright Business Wire 2017
Source: Business Wire
(April 6, 2017 - 10:56 AM EDT)
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