GAITHERSBURG, Md.--(BUSINESS WIRE)--Oil Price Information Service (OPIS), the nation's leading provider of petroleum spot, rack and retail news and pricing information, announces the acquisition of LCI Energy Insight (LCI).
Based in El Paso, Texas, LCI is a premier provider of natural gas supply and market analysis as well as other key information and business intelligence for the North American gas industry.
"This acquisition is highly strategic for OPIS as it puts us squarely in the growing North American natural gas business," said Brian Crotty, CEO & President, OPIS. LCI will become a division of OPIS and will be run by LCI President, George Lippman.
"I am excited to be teaming up with a company that has such a strong brand in the energy information space. I look forward to leveraging their expertise and infrastructure to improve and expand our products and services," Lippman said.
OPIS is the world's most comprehensive source for petroleum pricing and news information with offices in the U.S., Europe and Singapore and is the most widely accepted U.S. fuel price benchmark for supply contracts and competitive positioning. (www.opisnet.com)
LCI is the largest single source of information directly impacting the gas supply and transmission industry in the country and has an inventory of close to 500 reports covering every phase of the gas supply industry. (www.lciei.com)