The acquisition was supported by Charlesbank Capital Partners, PakEnergy’s private equity partner. Credit: Ra17/Shutterstock.

PakEnergy, a business automation solutions provider for the energy industry, has acquired Petrosight, a well management software provider.

This move bolsters PakEnergy’s offerings as a provider of well-life cycle management solutions, encompassing all stages from site planning to decommissioning.

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Petrosight’s cloud-based well site management technology is specifically designed for oilfield engineers and field supervisors. It addresses the need for efficient data and reporting flow between field operations and office management.

The Petrosight system meets the demand for timely well data, seamlessly integrating with PakEnergy’s land management, field data capture and accounting systems.

The user-friendly system represents a leap in simplifying the complexities of drilling well management, allowing users to capture, analyse and utilise well data with ease and accuracy.

The system’s organisation of drilling well life cycle data into four accessible modules – drilling, completions, facilities and pipelines, and environmental and reclamation – consolidates all aspects of well management into a single, streamlined system.

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This integration is expected to deliver enhanced efficiency and precision for PakEnergy’s clientele.

Petrosight managing director Christian Gillis said: “From day one, Petrosight’s mission has been to deliver efficient, user-friendly solutions that simplify the complexities of well management and drive measurable results.

“By joining PakEnergy, we gain access to their robust infrastructure and outstanding technical expertise, enabling us to accelerate product innovation and bring integrated resources to our customers faster.”

Petrosight, headquartered in Calgary, Alberta, was established in 2011 by industry experts aiming to revolutionise well site reporting. With additional offices and team members in Denver, Colorado, and Houston, Texas, Petrosight has grown to serve more than 150 clients across North America and internationally.

The acquisition received support from Charlesbank Capital Partners, PakEnergy’s private equity partner.

Charlesbank managing director Mayur Desai said: “The addition of Petrosight marks a significant milestone in the PakEnergy journey and strengthens the company’s ability to provide a unified platform that enhances collaboration, accelerates decision-making and drives operational excellence.

“Whether managing a single well or an extensive portfolio, PakEnergy now delivers the tools to optimise every phase. From initial planning to final reclamation, PakEnergy is the ultimate partner for well life cycle success.”