Oil and gas analytics company Drillinginfo has announced its acquisition of the assets, product lines and related services associated with Ponderosa Energy, a division of Ponderosa Advisors.
Ponderosa Energy uses advanced databases with analytical tools to provide customers with detailed market intelligence who look to invest in crude oil, natural gas and NGL markets.
The acquisition comprises Ponderosa Energy’s production forecast tools such as The Fundamental Edge, a subscription-based market outlook service, and PRODcast, an online tool that enables users to predict scenarios according to their individual requirement.
This forecast model will help users to understand more than 500 break evens across the US. It will also allow an assessment of relative economic advantages of specific producers based upon acreage, productivity and cost.
Drillinginfo CEO Allen Gilmer said: “As Drillinginfo and Ponderosa technologies are integrated, industry analysts and market traders alike will gain a unique competitive edge with significantly enhanced access to the industry’s most complete oil and gas intelligence, including many datasets available from no other provider.
“Whether you are investing in exploration, producing, buying, selling or trading energy assets, you can now rely on a single partner for real-time, actionable intelligence and analytics and predictive support for investments in the industry.”
Ponderosa Advisors president and CEO Porter Bennett said: “Because our proprietary models and applications are built from Drillinginfo’s extensive data, teaming up simply made a lot of sense.
“The customers who use this kind of data are going to be the real winners here. Armed with our combined datasets and analytic tools, customers from across a range of industry segments such as E&P and midstream companies, refiners, utilities, hedge funds, private equity firms, investment banks, traders, think tanks and government agencies, are going to be better equipped to formulate asset allocation strategies and make informed, strategic investment decisions.”
Porter Bennett will also join Drillinginfo’s board of directors committee.
Gilmer stated: “The acquisition of Ponderosa Energy Assets exemplifies Drillinginfo’s commitment to bringing our customers not only deep industry intelligence, but also a broad financial market analysis to allow for more precise investment decisions, analyst predictions, and forecasting models.
“Ponderosa Energy bridges Drillinginfo and MarketView to deliver value that is unmatched in the oil and gas industry.”
All Ponderosa Energy employees will join the Drillinginfo office at Littleton, Colorado.
Drillinginfo previously acquired GlobalView and its flagship product, MarketView.