Petroleum Place has acquired Tobin International, the 75-year old grand-daddy of the US oil and gas information and mapping business. Tobin will become a wholly-owned subsidiary of Petroleum Place’s software unit, P2 Energy Solutions. The deal creates what is described as “the largest owner and provider of enterprise software and services, mapping data and storage systems to the oil and gas business.”
Vickers
Petroleum Place chairman Gary Vickers said, “The oil and gas industry spends 25 cents per barrel on information technology of which 16 cents is spent on ‘back office’ products and services. With the acquisition of Tobin, P2ES now offers a broader range of scalable, integrated software applications to our oil and gas clients including the Tobin LandSuite, the most powerful land management application available.”
San Antonio
Edgar G. Tobin founded Tobin in 1928 in San Antonio – where the original red brick Tobin building remains a landmark. Tobin’s Texas Grid system replaced the Spanish system of porcions and land grants and quickly became an industry standard.
Computerized
Tobin created the first computerized database of well locations in 1963, working with the major oil companies and the company was responsible for assigning API numbers for historical Texas wells.
Tobin Land
Tobin’s Land Suite (TLS) is a land/lease management system that integrates textual and spatial land and ownership data with other related data. TLS is built on Oracle database technology, and integrates with the mySAP Oil & Gas.
P2ES
P2ES was formed last year (Oil ITJ Vol. 8 N° 1) by the amalgamation Novistar, Paradigm Technologies and Petroleum Financial Inc. Parent group Petroleum Place provides divestment services through its subsidiaries, The Oil & Gas Asset Clearinghouse (live floor/Internet auctions), Petroleum Place Energy Advisors (transactions and consulting) and Petro TradeLinks (trades).
500 employees
P2ES now has approximately 500 employees located in offices in Houston, San Antonio, Dallas/Fort Worth, Denver and Calgary. P2ES boasts some 500 software and data clients from private independents to major oil companies. Read our exclusive interview with P2ES’ Tarig Anani on page 3 of this issue.
© Oil IT Journal - all rights reserved.