Enverus

Enverus operates as a significant source of data and analytics for the energy sector, providing a comprehensive SaaS platform tailored for energy companies, financial institutions, and government agencies. The company originated as Drillinginfo in 1999, founded by Allen Gilmer, a geologist, and Mark Nibbelink. Their initial goal was to digitize and consolidate oil and gas data, which was traditionally fragmented and difficult to access in paper formats. This foundational mission addressed a critical inefficiency in the industry, enabling faster and more informed decision-making for exploration and production activities.

The founders' backgrounds were pivotal to the company's trajectory. Allen Gilmer's experience as a geologist provided deep domain expertise, allowing the company to understand the specific data needs of oil and gas professionals. Mark Nibbelink complemented this with his technical and entrepreneurial skills. Together, they navigated the early challenges of digitizing vast amounts of geological and operational data, establishing a first-mover advantage. A significant milestone occurred in 2019 when the company rebranded from Drillinginfo to Enverus, a name change that reflected its expanded scope beyond oil and gas drilling information to encompass the entire energy ecosystem, including renewables and power analytics.

The business model is primarily subscription-based, offering tiered access to its extensive platform. Clients subscribe to access a wide array of datasets, analytics tools, and market intelligence reports. The platform integrates geological data, production figures, rig activity, land records, and economic forecasts, allowing users to evaluate assets, identify opportunities, and manage risk. Enverus serves a diverse client base, from large E&P (Exploration & Production) companies and oilfield service providers to investment banks, private equity firms, and commodity traders. Revenue is generated through these recurring software-as-a-service subscriptions, which provide a stable and predictable income stream.

The core offering is its integrated analytics platform, which functions as a centralized intelligence hub. For oil and gas clients, the platform provides tools for asset valuation, competitor analysis, and operational benchmarking. For those in the power and renewables sector, it delivers insights into grid management, power pricing, and renewable energy project development. The platform’s unique selling proposition lies in the breadth and depth of its proprietary data, combined with sophisticated analytical tools that are curated specifically for the energy industry. This vertical-specific focus allows it to deliver more targeted and relevant insights than a generalist data provider could. The acquisition by Genstar Capital in 2018 and Hellman & Friedman in 2021 further fueled its growth, enabling strategic acquisitions to bolster its data and technology capabilities across the energy value chain. Keywords: energy analytics, SaaS, oil and gas data, market intelligence, energy trading, asset valuation, exploration and production, power analytics, commodity data, renewables intelligence