Drillinginfo has acquired the assets, product lines and related services associated with Ponderosa Energy, a division of Ponderosa Advisors LLC. Ponderosa Energy leverages state-of-the-art, proprietary databases and analytical tools to provide customers with detailed market intelligence for investment in crude oil, natural gas and NGL markets.
The acquisition includes Ponderosa Energy's production forecast tools such as The Fundamental Edge, a subscription-based market outlook service, and PRODcast, an online tool that allows users to run forecast scenarios specific to their needs in real time.
The one-of-a-kind production forecast model allows users to better understand 500+ break evens across the U.S. and assess relative economic advantages of specific producers based upon acreage, productivity and cost.
The addition of Ponderosa's products and services follows Drillinginfo's recent acquisition of GlobalView and its flagship product, MarketView, which allows companies across the energy supply chain, risk marketers and other commodities investors to monitor price movements to better manage and assess risk through their trading operations. Combining these businesses is a strategic move which will give all Drillinginfo customers the best tools to compete in this lower-for-longer commodity price environment.
"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," Allen Gilmer, chief executive officer of Drillinginfo, stated in a press release.
"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," Gilmer continued.
