David Hood, left, geoLOGIC chief executive officer, with Bill Whitelaw, managing director strategy and sustainability, at the company’s Calgary office. Photo by Wil Andruschak © Postmedia Network Inc.
Joel Schlesinger © Postmedia Network Inc.
Two Calgary firms — leaders in their respective fields — have teamed up to become a global information juggernaut in the energy industry.
Calgary-based geoLOGIC systems Ltd. and JWN Energy completed a merger earlier this year to create a new kind of data, research and analysis provider for the sector.
“What we’ve created is essentially an energy intelligence powerhouse,” says Bill Whitelaw, managing director of strategy and sustainability.
JWN’s strength is capturing industry-wide data, news and research — including environmental, social and governance (ESG) metrics, increasingly in demand among industry players. The merged company counts The Daily Oil Bulletin as one of the key brands.
JWN’s expertise makes it an ideal partner for geoLOGIC, a provider of technical data and analysis for oil and gas upstream.
“It’s a very data-driven sector, and the industry is evolving to make data a more significant component of their operations, says David Hood, geoLOGIC’s CEO.
“We have transformed our business to take a leadership role in supporting the industry’s current and future needs.”
Part of this strategy involved the acquisition last year of Houston-based SubsurfaceIO, a leading provider of cloud-based analytics for oil and gas.
This combination of new technology, geoLOGIC data, and JWN is a game-changer because of the quality and breadth of industry coverage the new company can offer.
“At geoLOGIC, we have historically delivered very high-quality, sophisticated data to technical people in the industry — engineers, geologists,” Hood says. “The industry is now responding to challenges like ESG, and companies need to make this data more available across their businesses.”
That’s where JWN provides an industry-leading advantage.
“We already have customers using our data for geothermal work or the new lithium economy,” Whitelaw says, referring to the growing renewable sector.
With more than 170 employees mostly in Calgary, but also India, Pakistan, the United Kingdom and Houston, the firm has unparalleled reach, covering more than 700 companies’ performance, as part of its analysis coverage.
And more growth is on the horizon, Hood says.
“We think there are significant opportunities for growth in the near future as we build upon the tremendous synergies between the combined entities.”
This story was created by Content Works, Postmedia’s commercial content division, on behalf of Calgary Economic Development.