REG-TGS Sells North American Well Data Products Business to Enverus
TGS has closed the sale of its North American well data products business (A2D) to Enverus for $100 million upfront, with a potential $15 million earn-out. The divested unit generated $27 million in revenue in 2025, accounting for 2.9% of TGS's multi-client revenues, and is considered less strategic as TGS focuses on offshore basins.
Key figures
- Revenue
- 27000000
- Earn out
- 15000000
- Upfront payment
- 100000000
- Sold unit revenue percentage
- 2.9%
AI analysis
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