TGS Sells North American Well Data Products Business to Enverus
Norway, July 8 -- TGS, a leading provider of energy data and intelligence, today announced that it has closed the sale of its North American well data products business to Enverus, Inc. for a purchase price in excess of USD 100 million. The transaction consists of USD 100 million payable at closing, with an additional USD 15 million earn-out conditioned on milestones agreed between the parties.A2D, a subsidiary of TGS acquired in 2002, operates TGS' well data products business, including the North American well log library and associated data products. The business has formed part of the company's North American onshore data offering and had revenues of USD 27 million in 2025, representing 2.9% of TGS' reported multi-client revenues.The div...
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