Cardium light oil assets

Cardium light oil assets focuses on the acquisition and management of oil assets in the Cardium formation, leveraging data analytics to enhance operational efficiency and investment strategies in the energy sector. Cardium light oil assets specializes in the acquisition and management of light oil assets within the Cardium formation in Canada. In September 2016, InPlay Oil Corp. acquired Cardium light oil assets for USD 47 million.

The deal was finalized in October 2016. The company is headquartered in Calgary, Canada and has been involved in one notable deal to date. DOB Energy, powered by geoLOGIC, offers a range of services and products tailored for the oil and gas sector, specifically focusing on delivering data analytics and insights. Their core offerings include access to market intelligence reports, data analytics tools, and real-time tracking of well activity, land sales, and drilling highlights.

These products are designed to support decision-making for various stakeholders in the energy sector, including exploration and production companies, energy investors, and regulatory bodies. The solutions provided by DOB Energy enable clients to optimize operations, assess market trends, and enhance investment strategies. The primary markets served by DOB Energy extend across North America, with a significant focus on regions actively involved in energy production such as Alberta, British Columbia, and Saskatchewan. DOB Energy generates revenue primarily through subscription-based models, offering tiered access to its data analytics and reporting services.

Clients typically engage in annual contracts, which provide them with continuous access to the latest market intelligence and analytics tools. These transactions are generally structured as business-to-business (B2B) relationships, where energy companies and investors subscribe to receive detailed reports and real-time data tailored to their operational needs. The pricing structure varies based on the level of access and specific services selected, allowing clients to choose plans that best align with their requirements for comprehensive insights into market dynamics and drilling activities. Key products associated with these subscriptions include their market intelligence reports and data tracking tools, which serve as essential resources for firms looking to maintain a competitive edge in the evolving energy landscape.

In September 2016, InPlay Oil Corp. , a portfolio company of JOG Capital and Sprott Resource Lending Corp. , agreed to acquire Cardium light oil assets for USD 47 million, with the deal completed in October 2016. The company aims to leverage this acquisition to enhance its operational capabilities and market presence.

Future growth will focus on developing new products that enhance data analytics offerings specifically for the oil and gas sector. The company is exploring expansion opportunities into new geographic markets, particularly targeting regions in North America experiencing increased energy production activity, with plans to establish a larger footprint by 2025.