CygNet sold

Weatherford buys CygNet Software adding SCADA system monitoring to Field Office. Deal to extend CygNet client base from domestic gas focus.

Switzerland-based Weatherford International has acquired SCADA software boutique CygNet. Transaction details were not disclosed. The acquisition follows a 2010 teaming between the companies whereby Weatherford operated a hosting service for CygNet’s Enterprise Operations Platform (Oil IT Journal November 2010), targeting shale gas producers. EOP collects, manages and distributes real-time and historical data from field, production and business systems, providing users with decision support for daily operations and strategy. EOP will be rolled into Weatherford’s ‘Field Office’ package to provide a ‘comprehensive set of tools for monitoring, analyzing and controlling production operations.’

The solution will be delivered both as a native installation, and as a hosted offering. CygNet claims over 70 customers and a ‘significant’ share of the US domestic gas production and transmission markets including ‘seven of the top 10 US gas producers.’

CygNet President and CEO Chris Smith said, ‘This acquisition will propel CygNet into international markets and liquids production.’ According to Weatherford, following the integration Field Office components will be used on over 350,000 wells. More from Weatherford on

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