Thursday, January 17, 2019

Drillinginfo Buys MineralSoft

Austin-based Drillinginfo, which provides software and data to the oil and gas industry, said this week that it has acquired MineralSoft, a developer of software used to manage mineral, royalty, and non-operated working interests. Drillinginfo did not say how much it would be paying for MineralSoft. The two companies have been working together since 2017, when they entered into a strategic alliance. DrillingInfo says that MineralSoft has more than 120 institutional clients. DrillingInfo has been very active with acquisitions in recent months, having recently acquired oil and gas financial automation software developer Oildex, and having also announced an ongoing deal to buy Cortex, a company which automates payable and receivable (AP and AR) processes for the oil and gas industry.