M&A Deal Summary

Enverus Acquires 1Derrick Pty.

On June 12, 2018, Enverus acquired information services company 1Derrick Pty.

Acquisition Highlights
  • This is Enverus’ 2nd transaction in the Information Services sector.
  • This is Enverus’ 1st transaction in Australia.

M&A Deal Summary

Date 2018-06-12
Target 1Derrick Pty.
Sector Information Services
Buyer(s) Enverus
Deal Type Add-on Acquisition

Target

1Derrick Pty.

Australia
1Derrick Pty. Ltd. is an independent oil and gas research and consulting firm, serving more than 150 clients including oil and gas majors, independent E&P companies, blue chip PE firms, top investment banks and consulting firms. 1Derrick provides research services in the Oil & Gas sector through its databases and reports.

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Buyer(S) 1

Buyer

Enverus

Austin, Texas, United States

Category Company
Founded 1999
Sector Information Services
DESCRIPTION

Enverus is a data, software, and insights company focused on the energy industry. The Company’s products are used by engineers, executives, investors, and accountants to manage a variety of mission critical workflows in the energy world, including asset valuation, asset development, energy production, ESG compliance, strategic sourcing, and back-office automation. Enverus was founded in 1999 and is based in Austin, Texas.


DEAL STATS #
Overall 8 of 17
Sector: Information Services M&A 2 of 5
Type: Add-on Acquisition M&A Deals 7 of 16
Country: Australia M&A 1 of 1
Year: 2018 M&A 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-12-05 Pattern Recognition Technologies

Plano, Texas, United States

Pattern Recognition Technologies, Inc. is a provider of short-term power demand and price forecasts to the electric, gas, solar and wind markets. Pattern Recognition Technologies was founded in 1994 and is based in Plano, Texas.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-09-18 Oildex

Denver, Colorado, United States

Oildex offers premier cloud-based oil and gas accounting software with workflow automation and electronic document exchange designed specifically for the oil and gas industry. More than 1,100 operators, 74,000 registered service providers, dozens of financial institutions and millions of mineral rights owners use the Oildex Network to seamlessly and securely collaborate with their business partners, automate critical business processes, eliminate the high cost and errors associated with the handling of paper, and obtain access to key data to make more informed business decisions. Oildex is headquartered in Denver and has offices in Calgary; Houston; Austin; Fayetteville, Arkansas, and Tennessee.

Buy -