TGS acquires Digital Petrodata
HOUSTON -- TGS announced Friday that its Geological Products division purchased all the outstanding shares of Digital Petrodata LLC.
Digital Petrodata, established in 2005, is a small GIS technology company based in Denver that provides integrated GIS data and cloud solutions for E&P companies. The company has built a nationwide GIS multi-client database containing every producing oil and gas field, pool, and formation in the U.S.
Digital Petrodata also recently introduced GEONEWS, a geospatially located and tagged database of current oil and gas news. Both products are available to customers through the Digital Petrodata web portal and are updated frequently.
"Digital Petrodata's GIS-based products are a great complement to existing TGS geologic data," said John Adamick, senior V.P., Geologic Products. "Our well data combined with their field, pool, and formation level data will allow our customers to seamlessly explore from an individual producing zone up to a true regional level. For example, a customer can begin by comparing production trends from formations, such as the Eagle Ford or Bakken, narrow their search to certain key fields of interest in one area or the other, and then pull down the actual logs and production data from individual wells in the field."
"The rich data offering, resources, and expertise from TGS combined with the Digital Petrodata's GIS data products and web portal technology will allow us to offer world-class data and analysis solutions for the upstream oil and gas industry,” Kirk Harstead, founder and CEO of Digital Petrodata, said.
