GlobaLogix Acquires Blast Energy Services Satellite Division

Transaction expands GlobaLogix’ wellhead to website energy automation solutions to include fully integrated satellite communications services

HOUSTON--()--Houston-based oilfield control and automation company GlobaLogix has announced the close of its acquisition of the satellite services division of Blast Energy Services. GlobaLogix’ first acquisition, the transaction will allow the company to expand its unique business model, which offers energy companies a comprehensive suite of services supporting the recovery and analysis of data from the field through to the corporate back office.

“A key element of GlobaLogix’ success to date has been the complete range of services we provide,” said James Hamilton, Chairman, President and CEO, GlobaLogix. “Where companies have previously had to seek out multiple vendors to handle wellhead automation, remote monitoring, SCADA and back office reporting, GlobaLogix gives them a single point of content with knowledge of every part of the system. Adding Blast Energy Services’ satellite division to this equation will allow us to take this model further, integrating satellite communications into the design and installation of data gathering and reporting systems.”

Blast Energy Services’ satellite division creates communications solutions for the energy industry that support SCADA networks for pipelines, wellhead automation, drilling rigs and business continuity applications. The division’s clients include several major gas pipeline companies and oilfield service companies. In addition to providing satellite bandwidth, the company delivers voice, fax and Internet connectivity to remote locations and provides round-the-clock management from the company’s Network Operations Center in Houston.

Under the agreement, GlobaLogix will take over the division’s existing client base, contracts and inventory. GlobaLogix will also take over operation of the Network Operations Center.

About GlobaLogix

GlobaLogix, a Houston-based oilfield automation company, provides upstream oil and gas producers with a complete spectrum of services - from the wellhead to the Web site. Starting with data collection at the wellhead, GlobaLogix creates custom solutions that cover all key points of the data path including local control panels, communications systems, control room and SCADA equipment and back office technologies to deliver information where and when it’s needed. By turning operational field data into actionable information, GlobaLogix ensures a usable and secure system, resulting in greater control and profitability for users in the field, office and anywhere in between. For more information, please visit www.globlx.com

Contacts

Pierpont Communications
Lindsey Donnell, 713-627-2223
ldonnell@piercom.com

Release Summary

Houston-based oilfield control and automation company GlobaLogix has announced the close of its acquisition of the satellite services division of Blast Energy Services.

Contacts

Pierpont Communications
Lindsey Donnell, 713-627-2223
ldonnell@piercom.com