Today, geoLOGIC systems ltd. (geoLOGIC) announced the acquisition of JWN Energy (JWN), an energy insights and intelligence provider. In fact, the latter has a long trajectory of leading industry brands such as the Daily Oil Bulletin, Evaluate Energy, and CanOils.
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geoLOGIC acquires JWN Energy
geoLOGIC systems ltd. announced Tuesday it acquired JWN Energy, an energy insights and intelligence provider.
Headquartered in Calgary, JWN delivers valuable and timely data and intelligence to a broad spectrum of customers in the industry. For instance, operators, analysts, service providers, governments, and regulators in the oil & gas and more general energy sectors.
Also, the Company is best known for leading industry brands such as the Daily Oil Bulletin, Evaluate Energy, and CanOils.
Following the acquisition, geoLOGIC CEO David Hood noted, “bringing our companies together is transformational. Thus, this merger creates a critical source of curated, trusted data, information, and insights that span the technical and financial needs of our clients.”
Also, “in addition to the complimentary offerings, the combination of the two businesses and product lines immediately brings to our clients JWN’s expertise and thought leadership. Moreover, in specific areas such as ESG and energy transition. Therefore, it will fuel our expansion into sectors that are at the forefront of our clients’ future needs.”
Furthermore, the merger gives the combined Company a commanding presence in Canada, the U.S., and the U.K. Moreover, together with satellite operational offices located in other regions, it assures currency and relevance of the information and intelligence delivered. Besides, it maintains closeness to clients and the places in which they operate.
“We’re very proud of our Canadian roots but recognize that the industry is increasingly global,” added Hood. Thus, “the two companies together will continue to focus on driving success within the Canadian market.
Besides, we will also leverage our collaborative research, marketing, and advisory services. Consequently, this will be to the benefit of our clients in other geographies,” continued Hood.
According to the companies, the acquisition brings together exceptional analytical and technical competencies. Hence, they’ll support the energy industry together.
Moreover, the combined group enabled by geoLOGIC’s advanced platforms will deliver enhanced scalability in data management. Thus, their analysis and integrated products will better inform operating and investment decisions.
“JWN and geoLOGIC are without doubt well-established and recognized sector leaders. Therefore, we both have solid track records of supporting our industry and community on critical issues. Besides, we know that the ongoing support of both groups combined will provide the sector with even more value as it continues to evolve,” said JWN Energy CEO Bill Whitelaw.
Furthermore, “the combined Company also offers a deeply experienced subject matter bench across engineering, geosciences, financial and analytical disciplines. In brief, we’ll collectively speak to how customer solutions can be offered through innovative applications of software and data.”