RSEG acquires NavPort.
BANKING AND CREDIT NEWS-December 13, 2016-RSEG acquires NavPort
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Calgary, Alberta, Canada-based RS Energy Group (RSEG) has acquired NavPort, a completion and production data company serving the upstream oil and gas market, the company said.
The acquisition comes following a majority investment in RSEG by Warburg Pincus, a global private equity firm focused on growth investing, in late-2015.
Terms of the transaction were not disclosed.
The acquisition adds a key data component to RSEG's service offerings. NavPort specializes in data gathering, visualization, and analytics, enhancing RSEG's current upstream and midstream offerings to provide best-in-class energy intelligence and client service.
The combination of RSEG and NavPort provides energy investors, operators, and service companies with intelligence that integrates financial, operational, and geological data. Companies that subscribe to RSEG can visualize the complete energy landscape from a macro-economic scale down to the well-level, leveraging elements such as proprietary geo/earth modeling, valuations and investment trends, forecasting and predictive analytics and a patent-pending production allocation methodology.
RS Energy Group's team of engineers, economists, geologists, developers, CFA charter holders, data scientists, and mathematicians provide integrated and objective analysis to institutional investors, governments, and corporate clients. It is a privately-held company with office locations in Houston, Denver, New York City, New York; Philadelphia, Los Angeles, San Francisco, and London.
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|Publication:||M2 Banking & Credit News (BCN)|
|Date:||Dec 13, 2016|
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