AUSTIN, Texas, Oct. 11, 2016 /PRNewswire/ -- Drillinginfo, the leading oil and gas analytics company, today announced the acquisition of GlobalView, an award-winning provider of analytics, risk management, and data management solutions for global energy and agricultural companies.
This acquisition will allow Drillinginfo to integrate proprietary data streams with high-value, third-party data to provide the most comprehensive decision support that matches the complexity of the energy industry. This valuable information will be accessible in one easy interface, with real time, actionable intelligence for exploration & production and the management of energy assets.
The GlobalView flagship product, MarketView allows companies across the energy supply chain, risk marketers, and other commodities investors to monitor price movements and manage and assess risk through their trading operations.
As these technologies are integrated, traders will gain a unique competitive edge with significantly enhanced access to the industry's most complete oil & gas intelligence, including many datasets available from no other provider.
Drillinginfo customers who add MarketView to their subscriptions can benefit immediately from a better understanding of past, present and future values of market commodities to bring exceptional clarity in project planning. Going forward, Drillinginfo users will also gain access to the powerful data integration tools delivered today in the MarketView solution. These will further enhance the world-class intelligence, analysis and decision making tools that Drillinginfo is known for.
"Integrating MarketView is a natural evolution for Drillinginfo," said Drillinginfo CEO Allen Gilmer. "We found that the existing products we built were being used in the commodity market, but we wanted to take that one step further by adding true expertise in this arena to our roster of oil & gas experts. We're thrilled to welcome GlobalView to the Drillinginfo family and are confident that our customers will see even more value as a result of these new tools."
"The customers GlobalView has historically served, which include traders, risk managers, investors and analysts, will now be able to harness the power of Drillinginfo's comprehensive information in rig movements, production and permit data, and the potential impact of drilled but uncompleted wells on future supply," said Anthony Lagona at GlobalView. "As part of our continued commitment to our current customers, we are excited to join forces with Drillinginfo to find new ways to add value and continue driving the industry forward."
Drillinginfo is the leading SaaS and data analytics company for energy exploration decision support, helping the oil and gas industry achieve better, faster results. The company's predictive/prescriptive decision platform combines intelligence, analytics, tools, and services in one seamless system to deliver value at every stage of the E&P process. Drillinginfo services more than 2,500 companies globally from its Austin, Texas-based headquarters, and has more than 400 employees on five continents. For more information, visit www.drillinginfo.com.
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