Finance
Exclusive-Blackstone emerges as frontrunner to buy Enverus, sources say
Published by Global Banking & Finance Review®
Posted on July 31, 2025
2 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on July 31, 2025
2 min readLast updated: January 22, 2026
Blackstone is the frontrunner to acquire Enverus for $6 billion, surpassing Veritas Capital. The deal is not yet finalized, with potential for other bidders.
By Milana Vinn and Amy-Jo Crowley
NEW YORK (Reuters) -Blackstone Inc has emerged as the frontrunner to buy energy-focused data provider Enverus for around $6 billion, according to sources familiar with the matter.
Reuters reported in May that Hellman & Friedman was looking to sell Texas-based Enverus.
Blackstone recently returned to the process after dropping out earlier this month, three of the sources said. Veritas Capital, which owns energy research firm Wood Mackenzie, was among others to have shown interest in Enverus, although this may now be in vain with Blackstone set to prevail in the auction, said the sources who are not authorized to discuss the private talks publicly.
Blackstone declined to comment. Hellman & Friedman and Veritas could not be immediately reached for comment.
The talks have been going on for several months, but the sources cautioned it is not certain a deal will be reached and noted other suitors could still emerge.
Austin, Texas-based Enverus provides data, analytics, and software solutions to oil and gas companies.
In 2021, Hellman & Friedman acquired majority interest in Enverus from Genstar Capital for $4.25 billion, including debt.
Deal activity involving software businesses has maintained a brisk pace this year, even amid a slowdown in transactions in other parts of the economy.
(Reporting by Milana Vinn and Amy-Jo Crowley; Editing by Chris Reese)
Blackstone Inc is a private equity firm that has emerged as the frontrunner to acquire Enverus for around $6 billion.
Enverus is an energy-focused data provider based in Austin, Texas, offering data, analytics, and software solutions to oil and gas companies.
In 2021, Hellman & Friedman acquired a majority interest in Enverus from Genstar Capital for $4.25 billion, including debt.
The talks regarding the acquisition of Enverus by Blackstone have been ongoing for several months, but it is uncertain if a deal will be finalized.
Veritas Capital, which owns energy research firm Wood Mackenzie, is mentioned as one of the other potential suitors for Enverus.
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