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Drillinginfo & Rextag Join Forces For New Midstream Business Product
02/04/2019
Drillinginfo has announced a new strategic collaboration with Hart Energy’s Rextag unit to create a combined midstream business product.
Oil and gas industry analysis requires mapping in order to work and E&P focus on subsurface mapping, the midstream sector requires extensive analysis of surface mapping for supply logistics, such as processing locations, pipelines, facilities, storage, refineries, rail, well locations, renewable energy infrastructure and electrical transmission.
The Drillinginfo-Rextag integration provides a cutting-edge solution with all relevant datasets in one platform, which provides powerful context and unprecedented infrastructure siting and mapping.
“Bringing Drillinginfo and Rextag together combines two best-in-class services for an unparalleled view of midstream acivity. The moment you insert Rextag data into Drillinginfo’s platform, it has a new and valuable context,” said Tanya Andrien, Senior Vice President of Strategic Development for Drillinginfo.
“Maps and timing matter in this business and Rextag has earned a stellar reputation for delivering to the oil and gas industry what they need, and when they need it,” added Bernadette Johnson, Vice President of Market Intelligence for Drillinginfo. “With Rextag’s GIS datasets inside Drillinginfo’s platform, we’re able to serve more interests than if we operated individually in silos. We’re partnering with the best to offer the best,” said Johnson.
About Drillinginfo
Drillinginfo operates a software as a service (SaaS) platform to deliver business-critical insights to oil and gas industries. It offers sophisticated technology, powerful analytics, and industry-leading data. Drillinginfo is a portfolio company of Genstar Capital and serves over 5,000 companies globally from its Austin, Texas, headquarters and has more than 1,000 employees. More information at drillinginfo.com
About Rextag And Hart Energy
Rextag has been one of the largest providers of mapping data services since its founding. In 2010, Rextag joined Hart Energy, one of the energy industry’s largest information providers. More information on Rextag at rextag.com.
For more than 40 years, Hart Energy editors and experts have delivered market-leading insights to investors and energy industry professionals. The Houston-based company produces award-winning monthly magazines (such as Oil and Gas Investor and E&Pmagazine); online news and data services; in-depth industry conferences (like the DUG conference series); Rextag's GIS data sets and mapping solutions; and a range of research and consulting services through Stratas Advisors. More information at hartenergy.com.
Source: oilandgasonline.com
If you are looking for more information about energy companies, their assets, and energy deals, please, contact our sales office mapping@hartenergy.com, Tel. 619-349-4970 or SCHEDULE A DEMO to learn how Rextag can help you leverage energy data for your business.
Look At The Future Of American And Appalachian Gas Production
The crux of the matter is rather simple: productivity gains of local energy operators have been stable not only because they are drilling better acreage, but also because players finally realized capital efficiency gains. And even if some new obstacles impede Appalachia's growth at the same rate as the Permian or Haynesville, it does not detract from the value of the Marcellus and Utica basins. The Appalachians will still be the top producers at a very competitive pace as long as commercial inventory exists. After all, as long as there is commercial inventory, somebody will have to drill.
New Drillinginfo - Hart Energy’s Rextag Partnership For Midstream Analytics Service
Drillinginfo stated on Jan. 29 it formed a new strategic collaboration with Hart Energy’s Rextag unit for the purpose of creating a combined midstream business product.
The Haynesville Shale play, located in northwestern Louisiana and eastern Texas, was recognized in March 2008. Petrohawk Energy Corp. and Chesapeake Energy Corp. had leased acreages in Louisiana, bringing fame to the region. The Haynesville Shale is crucial for meeting the rising demand for LNG exports from the Gulf Coast because of its location. It's expected that Haynesville will contribute about 13 Bcf/d to the overall growth in U.S. gas demand by 2030. However, drilling in Haynesville is more expensive and challenging due to the depth of its wells, especially when compared to areas like the Marcellus Shale.
Crude oil prices are on the verge of a significant rise, as per Helima Croft, a top commodities strategist at RBC Capital Markets. She highlights a looming shift in the oil market's supply-demand dynamics, forecasting a potential slowdown in global crude production. This slowdown might push Brent crude prices to $85 in the latter half of 2024.
In January 2024, the United States saw a mix of ups and downs in the number of active drilling rigs across its major oil shale regions and states. Starting with the shale regions, the Permian Basin led with a slight increase, reaching 310 rigs, which is 3 more than in December. The Eagle Ford in East Texas held steady with 54 rigs, unchanged from the previous month. Meanwhile, both the Haynesville and Anadarko regions saw a decrease by 2 rigs each, landing at 42 rigs. The Niobrara faced a larger drop, losing 4 rigs to settle at 27. On a brighter note, the Williston Basin and the Appalachian region saw increases of 2 and 1 rigs, respectively, resulting in counts of 34 and 41 rigs.