Geospatial Corp. has entered into a definitive agreement to acquire ShaleNavigator, the shale oil and gas informational software platform covering the rapidly growing Marcellus and Utica unconventional plays. The company also announced that it has hired ShaleNavigator founder Edward Camp as team leader for the software service. The transaction is scheduled to close Oct. 17. No financial terms were provided.
ShaleNavigator is a cloud-based, interactive mapping software product containing more than 20 map layers including current permits, well results, lease offers, available property and pipelines in U.S. shale oil and gas plays. The shale mapping software offers map query, drawing and saving tools, as well as a newsboard that allows subscribers to zoom to breaking news.
ShaleNavigator currently serves a diversified mass audience comprised of oil and gas pipeline companies, property owners, municipalities, service providers to oil and gas, including engineering, construction and housing; financial service providers, such as regional banks, wealth managers, investors and appraisers; local, state and federal government entities, colleges and universities.
“We are so excited to add Ed Camp and ShaleNavigator to the Geospatial family,” said Geospatial CEO Mark Smith. “Ed has done a fabulous job of creating ShaleNavigator and growing it into the premier oil and gas website providing valuable insight and information to critical players within the Marcellus and Utica regions. The combination of Ed’s vast mapping and information management experience and GeoUnderground, our cloud-based GIS portal provides Geospatial with rich data and critical information concerning all aspects of the nation’s oil and gas industry.”
Camp said that the acquisition will allow ShaleNavigator to be scaled up to meet industry demand and provide “critical information to the booming oil and gas industry across all U.S. shale plays.”