Spotfire acquires Enertel
Brings production forecasting, asset valuation and economic modeling capabilities to Spotfire’s upstream energy analytics, linking operational data with financial decision-making.
Takeaways
- Enertel is a provider of upstream energy economics analytics software.
- Spotfire is acquiring Enertel.
- The business serves upstream oil and gas operators, mineral owners, investors.
Spotfire, a business unit of Cloud Software Group focused on visual industrial analytics, has acquired Enertel, a provider of asset valuation, production forecasting and economic analytics software for the oil and gas industry.
Enertel’s QuantumCast platform serves upstream operators, mineral owners and investors with forecasting, type curve generation and valuation tools.
The acquisition adds economic modeling to Spotfire’s existing operational analytics, aiming to connect engineering insights with investment decision-making.
“Energy organizations operate in an environment where every investment decision depends on a deep understanding of both engineering reality and economic impact,” said Steven Schneider, general manager of Spotfire.
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