S&P Global Platts, a provider of commodities and energy information, has acquired RigData, a provider of daily information on rig activity for the natural gas and oil markets across North America.
S&P Global Platts and RigData have been content partners since 2008, with RigData providing essential data to the Platts Bentek product suite.
Now, by completing the purchase, S&P Global Platts hopes to extend the energy analytical capabilities by strengthening its position in natural gas and enhancing the company’s oil offering.
Financial terms of the deal were not disclosed.
Founded in 1986, RigData provides customers in North America with daily electronic reports on drilling permits, activity and rig locations in the United States, the Gulf of Mexico and Canada.
Customers use the information to identify new sales opportunities, assess market share, identify exploration trends, find available rigs, identify new production and monitor market activity.
Imogen Dillon Hatcher, president of S&P Global Platts, said: “RigData’s proprietary rig analysis provides essential information to help clients understand near-term activity across the North American energy supply chain.
“Together with our recent acquisition of Commodity Flow, RigData will help us enhance our analytics offering by providing customers with ever more relevant information about energy and commodity trade flows.”
Ed Seifert, president of RigData, said: “We are excited to become part of S&P Global Platts. Together, we see significant opportunities to provide enhanced data and analytical services to our oilfield services customers.”