Add-on Acquisition • Oil/Gas Exploration

Deep Imaging Acquires ESG Solutions

On May 5, 2021, Deep Imaging acquired oil/gas exploration company ESG Solutions

Acquisition Context
  • This is Deep Imaging’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Deep Imaging’s 1st transaction in Canada.
  • This is Deep Imaging’s 1st transaction in Ontario.

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M&A Deal Summary

Date May 5, 2021
Target ESG Solutions
Sector Oil/Gas Exploration
Buyer(s) Deep Imaging
Deal Type Add-on Acquisition

Target Company

ESG Solutions

Kingston, Ontario, Canada
ESG Solutions provides microseismic solutions for the oil and gas, mining, and geotechnical industries. ESG helps operators improve safety, optimize production, reduce costs and mitigate risk associated with hydraulic fracturing, thermal enhanced oil recovery, underground and open-pit mining, waste-water injections, natural gas storage, carbon sequestration, and geotechnical applications. ESG Solutions was founded in 1993 and is based in Kingston, Ontario.
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Buyer Overview 1

Buyer

Deep Imaging

Tomball, Texas, United States

Category Company
Founded 2008
Sector Oil/Gas Exploration
DESCRIPTION

Deep Imaging is a subsurface imaging and frac diagnostics company. Deep Imaging's advanced diagnostic tools track and measure frac fluid placement from the surface and away from the pad. With real-time fluid tracking technology operators can now identify the reasons for and locations of subsurface problems in the oil field. With this information teams can quickly fix issues, dramatically reducing waste and improving development economics. Deep Imaging was founded in 2008 and is based in Tomball, Texas.


Deal Context for Buyer #
Overall 1 of 1
Sector: Oil/Gas Exploration 1 of 1
Type: Add-on Acquisition 1 of 1
State: Ontario 1 of 1
Country: Canada 1 of 1
Year: 2021 1 of 1