MEXICO CITY, June 25 (Reuters) - Mexican billionaire Carlos Slim and former U.S. Vice President Dick Cheney have invested in Texas-based oil and gas software developer WellAware, the company said in a statement on Wednesday.
WellAware's software allows oil and gas companies to track wells and pipelines remotely and collates data for making forecasts.
Cheney, who is already a WellAware board member, and Slim, who led the $37 million funding round along with Activant Capital Group, have invested in the company alongside Ed Whitacre, the former AT&T and General Motors chief who is also a board member.
Slim spokesman Arturo Elias Ayub confirmed that Slim had invested in the company but declined to say how much.
Slim has been ramping up his oil-related business as Mexico opens up its oil and gas industry, ending a 75-year monopoly held by state oil company Pemex.
Dick Cheney could not be immediately reached for comment.
(Reporting by Christine Murray; Editing by Diane Craft)
Copyright 2017 Thomson Reuters. Click for Restrictions.
WHAT DO YOU THINK?
Click on the button below to add a comment.
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
Most Popular Articles
From the Career Center
Jobs that may interest you