M&A Deal Summary

geoLOGIC Acquires Well Completions & Frac Database

On December 23, 2016, geoLOGIC acquired information services company Well Completions & Frac Database from Canadian Discovery

Acquisition Highlights
  • This is geoLOGIC’s 1st transaction in the Information Services sector.
  • This is geoLOGIC’s 1st transaction in Canada.
  • This is geoLOGIC’s 1st transaction in Alberta.

M&A Deal Summary

Date 2016-12-23
Target Well Completions & Frac Database
Sector Information Services
Buyer(s) geoLOGIC
Sellers(s) Canadian Discovery
Deal Type Divestiture

Target

Well Completions & Frac Database

Calgary, Alberta, Canada
Well Completions & Frac Database is a provider of information services of drilling industry.

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Buyer(S) 1

Buyer

geoLOGIC

Calgary, Alberta, Canada

Category Company
Founded 1983
Sector Software
DESCRIPTION

geoLOGIC develops and supplies integrated software and data solutions to oil and gas exploration and production companies and related industries in North America. The Company is a premier provider of mission-critical software and data products that are deeply embedded in client company workflows and support clients’ large scale asset planning and operating decisionmaking. geoLOGIC was founded in 1983 and is based in Calgary, Alberta.


DEAL STATS #
Overall 1 of 3
Sector (Information Services) 1 of 2
Type (Divestiture) 1 of 2
State (Alberta) 1 of 2
Country (Canada) 1 of 2
Year (2016) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-12-08 SubsurfaceIO

Houston, Texas, United States

SubsurfaceIO is a SaaS interpretation package for Oil and Gas, preloaded with good header, completion, and log data. SubsurfaceIO offering enterprise installations of its technology, providing a solution that oil and gas companies had long sought: the ability to automate the collecting, organizing, and cleaning of their data, and access it all in a modern and intuitive web-based interface. SubsurfaceIO was founded in 2017 and is based in Houston, Texas.

Buy -

Seller(S) 1

SELLER

Canadian Discovery

Calgary, Alberta, Canada

Category Company
Sector Information Services
DESCRIPTION

Canadian Discovery Ltd. is an independent, global energy information service company. CDL has continuously evolved to deliver oil & gas data, analytics and expertise via online applications and supporting consultancy services.


DEAL STATS #
Overall 1 of 1
Sector (Information Services) 1 of 1
Type (Divestiture) 1 of 1
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2016) 1 of 1