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PRESS RELEASE | Enverus and RS Energy Group Combine Forces


Austin, TX (February 12, 2019) – 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 creates a powerhouse combination accelerating 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’ market position 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 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. 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 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 market leadership. 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 financial advisor to Enverus. Credit Suisse and Jeffries served as financial advisors to Warburg Pincus.


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.

RS Energy Group Disclosure Statement:

© Copyright 2020 RS Energy Group Canada, Inc. (RSEG). All rights reserved.

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Note to UK Persons:

RSEG is not an authorised person as defined in the UK’s Financial Services and Markets Act 2000 (“FSMA”) and the content of this report has not been approved by such an authorised person.  You will accordingly not be able to rely upon most of the rules made under FSMA for the protection of clients of financial services businesses, and you will not have the benefit of the UK’s Financial Services Compensation Scheme. This document is only directed at (a) persons who have professional experience in matters relating to investments (being 'investment professionals' within the meaning of Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "FPO")), and (b) High net worth companies, trusts etc of a type described in Article 49(2) of the FPO (all such persons being "relevant persons").  RSEG’s services are available only to relevant persons and will be engaged in only with relevant persons. This report must not be acted or relied upon by persons who are not relevant persons.  Persons of a type described in Article 49(2) of the FPO comprise (a) any body corporate which has, or which is a member of the same group as an undertaking which has, a called up share capital or net assets of not less than ( i ) in the case of a body corporate which has more than 20 members or is a subsidiary undertaking of an undertaking which has more than 20 members, £500,000 and (ii) in any other case, £5 million, (b) any unincorporated association or partnership which has net assets of not less than £5 million, (c) the trustee of a high value trust within the meaning of Article 49(6) of the FPO and (d) any person ('A') whilst acting in the capacity of director, officer or employee of a person ('B') falling within any of (a), (b) or (c) above where A's responsibilities, when acting in that capacity, involve him in B's engaging in investment activity.