Key Takeaways
- Pickering Energy Advisors has advised Nordic Capital in the sale of Resman to SLB, a global technology company.
- Resman is a leading provider of wireless reservoir surveillance and tracer solutions, offering advanced chemical tracers for tracking fluid movement within reservoirs and wells.
- The acquisition enables SLB to expand its portfolio of technologies and solutions for the energy industry, while Resman gains a global platform for its cutting-edge tracer technology.
- Pickering Energy Partners acted as financial advisor to Nordic Capital on the sale, leveraging its expertise and experience in the energy sector.
- The transaction marks a significant milestone for Resman, which has developed from a single-product company to a multi-product business with a strong presence in the energy transition.
Introduction to the Acquisition
Pickering Energy Advisors has announced its role in advising Nordic Capital on the sale of Resman to SLB, a global technology company. The acquisition marks a significant milestone for Resman, a leading provider of wireless reservoir surveillance and tracer solutions. Resman’s advanced chemical tracers offer unmatched precision and accuracy in tracking water, gas, oil, and CO2 movement within reservoirs and wells, delivering critical insights to optimize production and recovery. With its cutting-edge tracer technology, Resman enables operators to monitor reservoir flow without disruption, offering unparalleled accuracy at parts per trillion (ppt) detection levels.
Resman’s Technology and Capabilities
Resman’s technology is vital for well performance and reservoir monitoring across oil and gas, CO2 storage, and geothermal applications, helping operators enhance production and improve recovery. The company’s tracers provide insights into fluid movement within reservoirs and wells, allowing operators to make informed decisions about production and recovery strategies. During Nordic Capital’s ownership period, Resman has developed from being a single-product company to offering multiple products across different business lines, including next-generation technology for carbon monitoring and geothermal wells. This positions the company well for addressing the ongoing energy transition and supporting the development of more sustainable energy solutions.
Pickering Energy Partners’ Role in the Transaction
Pickering Energy Partners acted as financial advisor to Nordic Capital on the sale of Resman to SLB. The firm’s expertise and experience in the energy sector were instrumental in facilitating the transaction and ensuring a successful outcome for all parties involved. As a trusted energy advisor, Pickering Energy Partners brought a deep understanding of the energy landscape and the needs of its clients to the table, helping to navigate the complexities of the sale process. With its extensive network and relationships in the energy industry, Pickering Energy Partners was able to provide valuable guidance and support to Nordic Capital throughout the transaction.
About Pickering Energy Partners
Pickering Energy Partners is an energy-focused financial services platform with a long history of expertise in the energy sector. The firm has deployed over $16 billion across all energy sub-sectors and has a proven track record of providing guidance and long-term value to its clients. Headquartered in Houston, Texas, Pickering Energy Partners delivers an experienced, opportunistic team that aims to provide trusted advice and support to its clients while having a positive impact on the companies and communities it invests in. As a SEC Registered Investment Advisor, Pickering Energy Partners is committed to upholding the highest standards of integrity and professionalism in its business dealings.
Conclusion and Future Outlook
The sale of Resman to SLB marks a significant milestone for the company and a major success for Pickering Energy Partners. With its cutting-edge tracer technology and strong presence in the energy transition, Resman is well-positioned for future growth and success as part of the SLB group. The acquisition also underscores the importance of innovation and technology in the energy sector, as companies seek to optimize production and recovery while reducing their environmental footprint. As the energy landscape continues to evolve, Pickering Energy Partners is well-placed to support its clients in navigating the challenges and opportunities that lie ahead, providing trusted advice and guidance every step of the way.
