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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.
Shell's Midstream Assets in TX and LA (Gulf area)
On October 19, Shell USA completed the almost $1.96 billion acquisition of the master limited partnership. The company paid $15.85 in cash for every common unit representing limited partner interests in SHLX not held by Shell USA or its affiliates. A subsidiary of Shell USA has 269,457,304 SHLX common units or roughly 68.5% of SHLX common units.
Selected News from GIS Community
We think these GIS-related news will be important for the industry in the near future
The Williston Basin is a big area filled with layers of rock that sits next to the Rocky Mountains in western North Dakota, eastern Montana, and the southern part of Saskatchewan in Canada. This area covers roughly 110,000 square miles. Geologically, it's very similar to the Alberta Basin in Canada. People started drilling for oil in the Williston Basin back in 1936, and by 1954, most of the land where oil could likely be found was already claimed for drilling. The Bakken Formation with parts of Montana, North Dakota, Saskatchewan, and Manitoba has become one of only ten oil fields globally to yield over 1 million barrels per day (bpd) since the late 2000s. It is currently the third-largest U.S. shale oilfield, behind the Permian and Eagle Ford. The boom in the Bakken started around September 2008, coinciding with the U.S. housing market crash. The application of new technologies, such as swell packers enabling multiple-stage fracturing, significantly enhanced oil recovery, making the Bakken Formation a key player in the U.S. In 2022, the Bakken oil field saw big improvements in how much oil and gas it could produce. At the start of the year, 27 drilling rigs were working there, more than double the 11 rigs from the start of 2021. Important upgrades included making the Tioga Gas Plant able to process 150 million cubic feet more gas each day, and making the Dakota Access Pipeline bigger, increasing its oil transport capacity from 570,000 to 750,000 barrels every day.
Continental Resources is expanding its operations in the Midland Basin, including taking over some assets that used to belong to Occidental Petroleum. The company plans to use its expertise in exploration in this area.
Equinor and EQT Corporation have agreed that Equinor will exchange its operated assets in the Marcellus and Utica shale formations in Ohio for a stake in EQT’s non-operated interests in the Northern Marcellus formation.