AUSTIN, Texas, June 12, 2012 /PRNewswire/ -- Allen Gilmer, Co-founder and CEO of Drilling Info, Inc., was selected as the 2012 Ernst & Young Entrepreneur of the Year in the Technology/Technology Services category at the annual awards gala on June 7, 2012. Drilling Info, Inc. is an Austin-based company that provides decision support to the oil and gas industry through an innovative web platform.
The Ernst & Young Entrepreneur of the Year program has become the most prestigious business program in the country and celebrates America's most innovative business leaders in more than 140 cities and 50 countries around the world. Gilmer joins past winners including Michael Dell of Dell Inc., Herb Kelleher of Southwest Airlines, and Sergey Brin of Google. Gilmer will represent Austin/San Antonio at the National Entrepreneur of the Year event in Palm Springs in November.
The Entrepreneur of the Year Award criteria requires that the entrepreneur has demonstrated excellence in such areas as innovation, financial performance and personal commitment to their business and communities. Gilmer has led his company to help change the way the upstream oil and gas industry works, saving customers millions by reducing the risk of investment decisions. Drilling Info, Inc. now services more than 2700 companies and 20,000 individual users around the world.
As oil and gas becomes more expensive to find and higher risk to develop, Gilmer foresees the industry becoming more and more technology dependent and information driven. "We are committed to support the thousands of oil and gas producers and investors with the best data and analytics," Gilmer said. "That's our corporate mission."
Earlier this year Drilling Info, Inc. received a $166 million investment from private equity firms led by Insight Venture Partners. "Investors believe in Drilling Info, Inc. and support us in making a difference in the oil and gas industry," according to Gilmer. Insight Venture Partners' Managing Director, Deven Parekh agrees, "We are proud to have Drilling Info, Inc. in our portfolio and see a bright future for the company under Allen's continued leadership."
Founded in 1999, Drillinginfo is the premier information service for the domestic upstream oil and gas industry, providing an integrated land, production, and well information platform for E&P companies, technical professionals, landmen, royalty owners, and financial services. In addition to the most comprehensive and up-to-date information, Drillinginfo provides a full complement of web-based applications and tools, including LandTrac™ Unified Land and Exploration Suite, DNA™ knowledge management tools, DI Desktop™ Production Analysis Platform, DI Unconventional Research Platforms, and a host of geotechnical data processing, mapping and presentation tools. Drillinginfo is available through annual subscriptions. Drillinginfo's subscriber base currently produces more than 90% of domestic oil and gas. For more information go to www.drillinginfo.com.
SOURCE Drilling Info, Inc.