Enverus announced that it has acquired four exchange platforms from PDS Energy Information. The acquired platforms are the Frac Interference Exchange, Well Data Exchange, Production Data Exchange, and AquaTrade. Financial terms of the transaction were not disclosed.
The deal expands Enverus’ secure exchange network across completions, well data, production, and water logistics.
Enverus already operates EnergyLink and OpenInvoice, two of the energy industry’s largest commercial exchange networks.
Together, EnergyLink and OpenInvoice support more than 500 operators, 40,000 suppliers, and 250,000 receivers.
Those platforms represent more than $500 billion in annual transaction activity across revenue, joint interest billing, and procurement.
With the PDS transaction, Enverus is expanding from commercial workflows into operational data flows that support completions, well data, production, and water logistics.
The acquired platforms are operating infrastructure for the U.S. upstream energy industry.
Enverus said an estimated 80% of U.S. completions, production, and drilling data is exchanged through the PDS network.
The PDS network connects nearly 800 participants, including 95% of Fortune 500 energy companies.
The Frac Interference Exchange has more than 400 operators coordinating completions activity across major U.S. basins.
The Frac Interference Exchange helps operators coordinate completion schedules, identify frac hit risk, manage temporary shut-ins, and improve wellsite safety across shared operating areas.
The Well Data Exchange automates secure distribution of drilling, completion, and other well files to working interest owners, partners, and authorized stakeholders.
The Production Data Exchange enables operators to exchange daily and monthly production volumes and connect that information into production accounting and partner workflows.
AquaTrade connects operators and midstream water handlers through matching algorithms developed with the U.S. Department of Energy, supporting produced water disposal, reuse, and trading across water-intensive basins.
Together, the platforms add four critical upstream workflows to the Enverus network: completions coordination and frac hit mitigation, secure partner well-file distribution, production data exchange, and produced water logistics.
Enverus said the combination creates a more connected operating environment for customers managing field activity, partner obligations, production reporting, and resource movement across major U.S. basins.
The exchange services are live and operating.
Additional integrated capabilities across the Enverus platform, including Enverus ONE, will be introduced over time.
Enverus is an AI and data platform serving more than 8,000 energy companies across 50 countries.
The company’s platform is built on more than 25 years of proprietary intelligence, including 2.7 petabytes of continuously updated data, more than 350 million courthouse records, and over $500 billion in annual transactions across the energy value chain.
KEY QUOTES:
“PDS built exchange infrastructure that sits inside real work the industry executes every day. Adding these platforms to the networks Enverus already operates is a natural step, and it opens up possibilities for customers that neither network could deliver on its own.”
“Enverus has operated large-scale exchange networks at the center of this industry for more than two decades. With the addition of PDS, Enverus now supports the exchange of completion schedules, well files, production volumes and water logistics alongside revenue distribution, joint interest billing and procurement across the upstream value chain. No other company operates this breadth of connected operational and commercial exchange across the upstream energy value chain.”
Manuj Nikhanj, CEO of Enverus
“We’ve spent 30 years building the networks the industry uses to move well data, production and completions information. Enverus already runs the largest operating networks in energy. Putting these together is going to be very exciting for our customers.”
Barry Barksdale, President and Founder of PDS Energy Information
