Enverus adds four PDS Energy Information exchange platforms
Adds upstream completions, production, and water management data exchange platforms, connecting nearly 800 industry participants to the Blackstone-backed Enverus digital network.
Takeaways
- PDS Energy Information exchange platforms is a upstream energy data exchange platforms for completions, production, and water management.
- Enverus is acquiring PDS Energy Information exchange platforms with backing from Blackstone.
- The target serves upstream oil & gas industry across United States.
Blackstone-backed Enverus has acquired four data exchange platforms from PDS Energy Information, adding upstream operational capabilities for completions coordination, production reporting, and produced water management.
The platforms facilitate data exchange for an estimated 80% of U.S. completions, drilling, and production data, connecting nearly 800 industry participants, including most major energy companies.
The transaction includes the Frac Interference Exchange, which coordinates hydraulic fracturing schedules among more than 400 operators, along with the Well Data Exchange, Production Data Exchange, and AquaTrade, a marketplace for produced water disposal, reuse, and trading.
"Adding these platforms to the networks Enverus already operates is a natural step, and it opens up possibilities for customers that neither network could deliver on its own," said Manuj Nikhanj, chief executive officer of Enverus.
Get tomorrow morning's tape in your inbox.
Yesterday's platforms, add-ons, recaps, and exits, cleaned up before the workday starts.