Done deals

Validere acquires Phoenix Energy. NextMart, Emco. Viking, Gate Energy. Wilks Bros., Dawson Geophysical. Cresta backs Lapis. Eliis on BFM TV. Kappa bags Reveal. FourQuest acquires Boyle ES&T. SpotOn Energy and AGR. GEM backs Interfield float. Kimray acquires CEI. Seequent bags Advanced Resources and Risk. EnCap Flatrock funds Elysian Carbon. Opus DigiTech JV incorporates. Ametek acquires Alphasense. HKW bags Technical Toolboxes. CGG sells data storage unit.

Validere has completed its acquisition of Phoenix Energy Consultants, a provider of oil and gas transportation and marketing optimization services in Western Canada.

NextMart has acquired a controlling interest in Emco Oilfield Services. NextMart describes itself as a ‘public quoted shell company’. In a sign of the times, its home page currently welcomes visitors to the NextMart Crypto Universe.

‘Critical well engineering’ specialist Viking Engineering has acquired Gate Energy’s engineering division, adding systems engineering, operations readiness, risk assessments and more to its portfolio.

Dawson Geophysical is in the process of being acquired by Wilks Brothers unit WB Acquisitions.

Cresta Fund Management is backing the carbon capture and storage and clean hydrogen startup Lapis Energy. Dallas-based Lapis is a combination of CCS consultants BluEnergy and Viridis Resources.

Interviewed on France’s BFM TV, Eliis founder and CEO Sebastien Lacaze described the company’s 15 years of activity developing and marketing interpretation software. Initially targeting oil and gas seismic stratigraphic applications Eliis is now expanding into CO2 storage and natural hydrogen exploration. Today Eliis has 55 employees working out of four worldwide locations for around €7.4 million/year in sales.

Kappa Engineering has acquired Reveal Energy Services. The deal sees the integration of Reveal’s Orchid package into the Kappa software portfolio. Kappa MD Olivier Houzé observed that the deal adds completion information and diagnostics to Kappa’s production data offering and ‘will be particularly useful in the context of unconventional plays’.

FourQuest Energy Services has acquired privately-held Boyle Energy Services & Technology, a provider of engineering expertise, equipment and field services to large-scale energy construction projects. BEST operates as a separate company headed-up by CEO Michael Boyle.

SpotOn Energy has acquired Akastor’s AGR Well Management in exchange for a 20% stake in SpotOn. More from AGR and SpotOn.

Dubai, UAE-based Interfield Solutions has received a ‘share subscription facility’ of up to CAD 30 million from GEM Global Yield, a Luxembourg-based private equity company. The facility will allow Interfield to draw down funds by issuing shares to GEM. Interfield’s ‘ToolSsuite’ hosted data management solution is used in a variety of industrial contexts including oil and gas.

Oil and gas control equipment manufacturer Kimray has purchased Texas-based Control Equipment Inc. CEI is Kimray’s largest distributor.

Bentley Systems’ Seequent unit has acquired geostatistics specialist Advanced Resources and Risk Technology.

Elysian Carbon Management has secured an initial $350 million in financing from EnCap Flatrock Midstream. Elysian provides carbon capture and storage solutions to owners of industrial and power facilities. San Antonio-headquartered EnCap Flatrock is currently making commitments to management teams from its $3.25 billion EFM Fund IV.

AFKAR Group and Bahwan CyberTek recently announce the incorporation of Opus DigiTech, a joint venture that is set to ‘accelerate digital disruption’ across the energy sector. Opus provides solutions and services addressing the digital supply chain, predictive analytics and ‘digital experience’. More from Opus DigiTech.

Ametek has acquired Alphasense, a UK based provider of advanced gas detection sensors used in fixed and portable detection systems. Alphasense, with annual sales of approximately £25 million, is to join Ametek’s Electronic Instruments Group (EIG).

Pipeline engineering software boutique Technical Toolboxes has been acquired by HKW, a ‘middle-market’ private equity firm.

CGG has sold the physical storage assets and associated services of its Smart Data Solutions business to Oasis and Access Information Management. The sale includes seven storage facilities holding collections of client records and subsurface rock and fluid samples. Access acquired the three North American sites and OASIS the four EU sites.

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