Business

Energy information service RigData sold to Platts

RigData chronicled the boom and bust of the Barnett Shale natural gas field.
RigData chronicled the boom and bust of the Barnett Shale natural gas field. Star-Telegram archives

North Richland Hills-based RigData, an energy industry information service that tracks drilling in the Barnett Shale and other fields, is taking on an international flair after being purchased by S&P Global Platts.

S&P Global Platts, headquartered in London and considered the leading independent provider of energy industry information, announced the purchase Thursday. S&P Global Platts employs over 1,000 people in more than 15 offices worldwide, according to its website.

The deal’s terms were not disclosed.

Platts said that the purchase will extend its energy analytical capabilities by strengthening natural gas and oil offering.

“RigData’s proprietary rig analysis provides essential information to help clients understand near-term activity across the North American energy supply chain,” said Imogen Dillon Hatcher, president of S&P Global Platts, in a statement.

RigData, founded in 1986, provides information to more than 5,500 customers in North America with electronic reports on drilling permits and rig locations in the United States and Canada. The two companies actually have shared content since 2008.

“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,” Ed Seifert, president of RigData, said in a statement.

RigData has earned notoriety in tracking the boom and bust of the Barnett Shale. In April, the company reported that there were no rigs drilling in the North Texas natural gas field, a big change from hundreds a decade ago.

It has reported limited activity here since then, before reporting there were no rigs in the Barnett Shale again last week.

At the same time, the Powell Shale Digest in Fort Worth, once a must-read for those following industry activity in the Barnett, also shut down.

This report contains material from the Star-Telegram archives.

Max B. Baker: 817-390-7714, @MaxbakerBB

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