IHS Group Acquires Petroleum Information / Dwights LLC to Create Global Energy Information Leader

Strategic Insights -

The acquisition of Petroleum Information / Dwights LLC (PI/Dwights) by Information Handling Services Group Inc. (IHS Group) has created a global leader in energy information, combining the expertise and resources of both companies. PI/Dwights, a leading source of oil and gas production and well history data across North America and the North Sea, brings its proprietary databases and value-added database services to the IHS Group. This acquisition marks a strategic move by IHS Group to expand its presence in the energy information market, further solidifying its position as a comprehensive source of information on energy exploration and production worldwide.

Key Takeaways:

  • The acquisition of PI/Dwights by IHS Group combines two companies with strong sales and operating synergies, creating a global leader in energy information.
  • The combined companies have annual sales of over $110 million and 900 employees.
  • PI/Dwights' proprietary databases, which incorporate information from over 2.9 million oil and gas wells, will become an integral part of IHS Group's information offerings.
  • The acquisition represents a significant expansion of IHS Group's energy information business, which now accounts for its second-largest revenue stream behind its engineering information businesses.
  • Senior executives from both PI/Dwights and Petroconsultants, which was acquired by IHS Group last year, will assume cross-company functional responsibilities to drive growth and development in the energy information market.
  • The partnership aims to offer improved data products and services to the oil and gas industry, expanding on both companies' excellent relationships with individual oil and gas companies.

Statistics:

  • 2.9 million: The number of oil and gas wells incorporated into PI/Dwights' proprietary databases.
  • $110 million: The combined annual sales of PI/Dwights and Petroconsultants.
  • 900: The combined employees of PI/Dwights and Petroconsultants.
  • 440 million: The annual sales of IHS Group.
  • 2: The number of acquisitions made by IHS Group in the energy information market.

Sources:

  • PRNewswire (December 30, 1997)
  • Petroleum Information / Dwights LLC
  • Information Handling Services Group Inc.
  • http://www.prnewswire.com