PLS Inc. Divests Premier Oil and Gas Database & Research Business to Drillinginfo
Jun. 12, 2018
HOUSTON, June 12, 2018 (GLOBE NEWSWIRE) -- PLS Inc., a global market intelligence and advisory firm for the oil and gas industry, today announced the sale of its premier research, databases and events business to Drillinginfo. PLS Inc. elected to retain its leading middle-market advisory practice and will redouble efforts on growing and advancing its transaction and advisory solutions.
Ronyld Wise, founder and managing director of PLS Inc., said, “We know deals and this truly is a win-win for PLS, Drillinginfo and our clients. As the oil and gas industry enters an era of big data, there is no better partner to take the content and technology we’ve built and integrate it with their existing analytics, international scouting and market solutions to create a robust, one-stop platform offering clients even faster, and better decisions. I want to sincerely thank all our great employees, partners and clients for your support over the years that enabled us to build a successful and unique business.”
PLS has grown to serve more than 2,200 corporate clients and 12,500 users worldwide with the vital information they need to better manage their portfolios and facilitate profitable transactions. The company's listing service, research, scouting reports, databases and apps are known throughout the industry for tracking deals for sale, M&A metrics, exploration activity, capital markets, midstream development and oilfield services. The advisory business will be rebranding later this year to Energy Advisors Group.
Wise continued, “Insights gained studying and advising M&A deals and capital markets have led us to identify improved methods to originate, manage and close transactions on behalf of industry clients. We see a number of opportunities to help companies in asset divestments, capital formation, midstream rationalization and oilfield services. The successful sale of our subscription business frees up additional management time for serving clients and closing their next deal."
About PLS Energy Advisors
PLS Energy Advisors is a leading provider of mid-market oil and gas divestment services. The firm has worked on over 1,000 assignments and $8.1 billion in transactions for over 400 clients including some of the industry's leading companies in the U.S., Canada and overseas. Headquartered in Houston with offices in Dallas, Denver, Oklahoma City, Calgary and London PLS Energy Advisors has an active international practice, regularly monetizes assets through the bankruptcy process and also provides buyside assistance, capital markets advice and technical support. More information can be found at: http://www.plsadvisors.com.
Drillinginfo delivers business-critical insights to the energy, power, and commodities markets. The company’s state-of-the-art SaaS platform offers sophisticated technology, powerful analytics, and industry-leading data. Drillinginfo solutions deliver value across upstream, midstream and downstream markets, empowering exploration and production, oilfield services, midstream, utilities, trading and risk, and capital markets companies to be more collaborative, efficient, and competitive. Drillinginfo delivers actionable intelligence over mobile, web, and desktop applications to analyze and reduce risk, conduct competitive benchmarking, and uncover market insights. Drillinginfo serves over 3,500 companies globally from its Austin, Texas, headquarters and has approximately 675 employees. For more information visit drillinginfo.com.
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