While Drillinginfo is best known for its emphasis on advanced technologies like forward-curve type forecasting and machine learning capabilities, mapping remains a staple in the oil and gas industry. In their most basic form, maps provide everyone, from wildcatters to landmen to petroleum engineers, with scale and clear direction.
Midland Map’s extensive library of Permian Basin maps, combined with Drillinginfo’s industry-leading SaaS analytics platforms, will make decades of research instantly accessible in web and mobile applications. The new, combined offering will provide customers with unique, high-value products, while further strengthening both companies’ ties to their home state of Texas. According to the Energy Information Administration (EIA), Texas leads the nation in crude oil reserves and production and provides more than one-fifth of US domestically produced energy.
Jeff Hughes, Drillinginfo CEO & President, commended Midland Map and its employees, saying: “Midland Map has been providing world-class, hand-drafted and printed maps of 70 Permian Basin counties since 1950. The company is an institution in the oil patch sitting in the heart of Midland, where Drillinginfo already services more than 350 existing customer-companies. By joining forces, we’ll build on their success and continue to shape the industry’s future.”
As a part of its integration, Drillinginfo will import nearly seven decades worth of lease and ownership maps into its platform, bringing customers a wealth of property information as they run title searches. These legacy maps will also be available as layers in the DI Web App, enabling users the ability to rapidly recreate the ownership landscape for a specific year.
Drillinginfo will now be able to help answer questions such as:
- How can I quickly cure a gap in my title research?
- What leases were taken adjacent to my subject tract(s) for a given time period?
- When was my target tract partitioned and what did it look like prior?
- Who else may have owned property on or around my subject tract that I should know about?
Silas Martin, General Manager of Land Products at Drillinginfo, will oversee the acquisition, and said: “The heart of America’s energy boom right now largely centers in Texas, New Mexico, and Oklahoma. While interest is scattered across all US basins, the potential in the Permian dwarfs everything. Given the industry’s reliance on maps, and our history in geologic and land analysis, this joining of forces makes tremendous sense for both companies and for our customers.”
“We are all very excited to be a part of the Drillinginfo team and looking forward to an exciting future together,” added Tim Canon, Manager of the Midland Map Company. “This allows us to retain the legacy of our company, and its vast and valuable content, while simultaneously enhancing Drillinginfo’s SaaS offerings. This will significantly improve how we assist America’s oil and gas producers looking to tap the resources within the Permian.”
Read the article online at: https://www.oilfieldtechnology.com/exploration/20032019/drillinginfo-acquires-midland-map-company/