Warburg Pincus-based RS Energy Group has acquired NavPort, a provider of completion and production data for the upstream oil and gas industry. No financial terms were disclosed.
CALGARY, Alberta–(BUSINESS WIRE)–RS Energy Group (RSEG) today announced that is has acquired NavPort, a leading completion and production data company serving the upstream oil and gas market. The acquisition comes following a majority investment in RSEG by Warburg Pincus, a leading 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. “This is an exciting time for both RS Energy and NavPort,” said Jim Jarrell, Co-CEO of RSEG. “We are highly committed to providing world-class intelligence and service through our research and adding an in-house data product provides our customers with the best of both worlds.”
NavPort was created to fill an industry need for reliable and comprehensive production and completion data and was spun out of Preferred Sands in September 2014. Its team of industry experts specialize 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 unique and objective intelligence that integrates world-class 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.
The expanded team continues to map thousands of unique data sets; scrub, enhance and correct complex public information; test and integrate derived analytics and develop an intuitive, user interface for data exploration.
The RSEG team is excited to announce that the culmination of these efforts, RS Data™, will be available to customers in early-2017. “We are dedicating significant resources to building the highest quality data product using today’s technologies,” said Manuj Nikhanj, Co-CEO of RSEG. “The quality, speed, granularity of data and flexibility in the analytics will be more advanced than anything on the market. We couldn’t be more thrilled with what’s to come.”
About RS Energy Group
Headquartered in Calgary, Alberta, RS Energy Group (RSEG) is the standard in energy intelligence. Since 1998, RSEG’s dedicated team of engineers, economists, geologists, developers, CFA charter holders, data scientists and mathematicians has provided integrated, thorough and objective analysis to institutional investors, governments and corporate clients. RSEG is a privately-held company with office locations in Houston, Denver, New York City, New York; Philadelphia, Los Angeles, San Francisco, and London.
To learn more visit www.rseg.com.