The way oil & gas uses data is changing. Don't get left behind.
Insights
Death by Dashboard
I've been a builder and user of Business intelligence tools for E&P companies for two decades, and now I run a team that does a lot of it. BI tools are affordable, useful, and often fun (to me, at least!). But one risk has lurked in the background all that time - a destiny that almost all companies fall into: Death by Dashboard.
We're happy to be sponsoring the 2025 Quorum Qnections event in Vegas April 22-24. Swing by the booth, grab some swag, chat about what's working well or what you wishes worked better!
Presenting at SPE Workshop on Well Performance - Colorado Springs
Zack is reprising his talk on the SPEE Software Symposium at the SPE Workshop for New Perspectives in Well Performance Analysis and Production Forecasting in Colorado Springs April 28-30 (together with David Fulford). The speaker lineup is excellent - if you're interested in this topic at all, try to make it out. Plus, April in Colorado Springs is beautiful!
Thoma Bravo has sold Quorum Software to Francisco Partners for a rumored $2.4B including debt (per WSJ). As we've often discussed, the modern Quorum is absolutely massive: 35 applications, EBITDA >$150 mm/yr, $865mm bond offering last fall. Francisco is a tech-focused PE firm - they have investments in ~150 separate portfolio companies, although they have very little exposure to upstream energy tools as far as we can see. Thoma Bravo first bought Quorum from Silver Lake in 2018.
Quorum buys zdSCADA
Hot on the heels of Francisco Partners buying in, Quorum announces they are buying zdSCADA. zdSCADA has built a strong presence among smaller onshore US E&P's as a cloud-hosted SCADA platform.
Energy Domain Launches Data Subscription
Yet another entry into the onshore US data subscription and interpretation platform space. Energy Domain is expanding from their mineral/royalty marketplace business towards the increasingly crowded data subscription market, competing against S&P/Enverus (and Well Database and TGS and Wood Mac and Welligence and….). This is on the heels of a $5mm funding round they announced in December. Can any of these step up to become a true #3 behind the Big 2?
Need help navigating the news, changes, and reports? We are here to help.
Velocity Insight is a full-stack, full-function data management and analytics consulting firm. We come from your world, working in-house at O&G operators and we are here to help!
