S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, announced today that it has acquired RigData, a provider of daily information on rig activity for the natural gas and oil markets across North America. The purchase extends the S&P Global Platts energy analytical capabilities by strengthening its position in natural gas and enhancing the company’s oil offering. Financial terms were not disclosed.
Founded in 1986, RigData provides over 5,500 customers in North America with daily electronic reports on drilling permits, activity and rig locations in the United States, the Gulf of Mexico and Canada. Customers use the information to identify new sales opportunities, assess market share, identify exploration trends, find available rigs, identify new production and monitor market activity.
S&P Global Platts and RigData have been content partners since 2008, with RigData providing essential data to the Platts Bentek product suite.
S&P Global Platts is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.platts.com.