News Release

Enverus and RS Energy Group Combine Forces

byEnverus

Austin, TX (February 12, 2020) – Enverus, a leading energy SaaS and data analytics company, announces today that it has acquired RS Energy Group (RSEG), an innovative technology firm focused in the upstream oil & gas industry. The acquisition combines the companies’ complementary strengths to accelerate technology, machine learning and advanced analytics across the energy market.

For more than 20 years, each company has independently established a reputation for providing unique value to its customers. Backed by Genstar Capital, Enverus’ leading technology enables operators, investors and oilfield service companies to make better, faster decisions and delivers unmatched, in-field business automation software and capabilities. Since Warburg Pincus partnered with RSEG in 2015, the traditionally research-focused firm has grown nearly six-fold into a technology and data science-driven organization that allows investors and corporate executives to operationalize analytics and increase transparency at enterprise scale.

Together, Enverus and RSEG will transform the way energy companies and investors perform technical workflows, automate business processes and ultimately deliver shareholder value.

“This is about accelerating innovation through high-powered technology and is another active step for Enverus in breaking down silos by building workflows across engineering, geology, land, operations, and so much more. Our aligned vision, client-centric focus, and a relentless commitment to innovation will help our customers solve their most complex challenges. These values will never change,” said Jeff Hughes, CEO and President of Enverus.

As co-CEO and Presidents of RSEG, Jim Jarrell and Manuj Nikhanj share Hughes’ excitement in the potential value being created for customers. Going forward, Jarrell and Nikhanj will join Enverus as co-Presidents overseeing Enverus’ Oil & Gas Analytics Division.

“Combining forces with Enverus carries an enormous opportunity for both companies and their clients. We have built extremely successful businesses and share a deeply embedded culture focused on client success. That is in our DNA. Timing of this transaction is amazing as the energy industry is in the first innings of its digital transformation. Our shared vision and combined resources allow us to ramp up the delivery and innovation of solutions to the industry’s toughest challenges. It’s full speed ahead and we are focused on the future together,” says Jarrell.

“In today’s energy environment, it’s no longer an option to ignore the power of data and analytics.  Companies that are leveraging cutting-edge advanced analytics and technologies are building sustainable, long-term strategies.  With Enverus, we will be creating a single solution that is vertically integrated from the technical teams to the board room. Together we will continue to fast-track the industry’s digital transformation.” explains Nikhanj.

“This is a monumental milestone for both companies, and a significant opportunity to demonstrate even greater value for our clients. What’s most exciting is how this combination brings together the best people and technology available in the industry,” adds Hughes. “The most important assets in a software company are the people not the products.  With this combined team our future has never looked brighter.”

Clients of both Enverus and RSEG will immediately derive value with access to new data sets and unique insights. Enverus and RSEG encourage existing clients to contact their account manager for any additional questions.

Goldman Sachs served as the exclusive financial advisor to Enverus. Credit Suisse and Jefferies served as financial advisors to RSEG and Warburg Pincus. Kirkland & Ellis, LLP served as legal counsel for RSEG. Simpson Thacher, Weil, Gotshal & Manges LLP, Ropes & Gray LLP, and Irell & Manella LLP served as legal counsel for Enverus.

About Enverus
Enverus is the leading data, software, and insights company focused on the energy industry. Through its SaaS platform, Enverus provides innovative technologies and predictive/prescriptive analytics, empowering customers to navigate the future. Enverus’ solutions deliver value across upstream, midstream and downstream sectors, enabling the industry to be more collaborative, efficient and competitive. With more than 1,000 employees across the globe, the Company’s solutions are sold to more than 6,000 customers across 50 countries. Enverus is a portfolio company of Genstar Capital and brings together the technology of Drillinginfo, PLS, 1Derrick, MineralSoft, Midland Map Co., MarketView, DataGenic Group, PRT, Oildex, Cortex, Red Dog Systems and RigData as one company. Creating the future of energy together. Learn more at enverus.com.

About RS Energy Group
RS Energy Group (RSEG) is a leading SaaS firm delivering technology, augmented analytics and technology solutions that empowers operators, investors, midstream and service companies to make more agile, trusted decisions. Clients engage with RSEG’s high-quality data and analytics in a single-solution platform to quickly benchmark the competitive landscape, uncover M&A opportunities globally, optimize operations and more confidently allocate capital. RSEG has over 300 employees and has offices in Calgary, Houston, New York and Philadelphia. Learn more at rseg.com.

Media Contacts:
Jon Haubert | H.B. Legacy Media | 303.396.5996
[email protected] 

Enverus

Enverus

Energy’s most trusted SaaS platform — creating intelligent connections that uncover insights and opportunities to deliver extraordinary outcomes.

Related News

Enverus News Release - EPA’s emission revision: More rules, double the methane, triple the tax
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a report that analyzes the U.S. Environmental Protection Agency’s (EPA) latest proposed changes to Subpart W of the Greenhouse Gas Reporting Program (GHGRP), quantifying...

Enverus News Release - Maintaining our bullish call past the deadline
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released its latest FundamentalEdge report focused on global drivers for oil and gas prices to 2030, the five-year oil and gas supply and demand outlook,...

Enverus Press Release - Tapping Alberta’s overlooked lithium brines
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report that outlines the untapped opportunities in Alberta's lithium brines, focusing on the potential for direct lithium extraction and prospects in wastewater...

Enverus News Release - Who’s making the connection in southern Louisiana?
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a report analyzing midstream operators' exposure to low breakeven emissions and significant CO2 storage capacity in southern Louisiana. The report also covers operators with...

Enverus News Release - Quantifying unproven inventory in the Permian
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report that quantifies the geologically viable but not yet economically proven inventory in the Permian Basin and investigates the associated impact this...

Enverus News Release - Energy impacts of Gulf of Mexico hurricanes quantified
News Release
ByEnverus

As Tropical Storm Hilary downgrades from a hurricane but continues to flood parts of Mexico, California and the Southwest U.S., Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a report assessing the...

Enverus Press Release - FundamentalEdge
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released its latest quarterly FundamentalEdge report focused on global drivers for oil and gas prices to 2030, the five-year oil and gas supply and demand...

Enverus Intelligence Research Press Release - EIR: Density drives steepening declines in U.S. shale
News Release
ByEnverus

Enverus Intelligence Research (EIR), a subsidiary of Enverus, the most trusted energy-dedicated SaaS platform, has released a new report that examines how oil decline profiles have steepened across U.S. shale oil plays over the last decade. 

power-grid-congestion
News Release
ByEnverus

Enverus, the most trusted energy-dedicated SaaS company, announced today it has acquired CRCL Solutions, a provider of cloud-based algorithms and modeling for wind and solar generation forecasts. CRCL Solutions provides a wide range of advanced forecasting data to help power...

Find Out How Enverus Can Help Your Business

Subscribe to the Energy Blog

A weekly update on the latest “no-fluff” insight and analysis of the energy industry.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Let’s get started!

We’ll follow up right away to show you a quick product tour.

Get Started

Register Today

Get Energy Transition Research updates straight to your inbox by filling out the form below.

Sign Up

Power Your Insights

Connect with an Expert

Access Product Tour

Speak to an Expert