International Logging Acquires GeoScience Division of Datalog Technology

International Logging Incorporated (ILI) has acquired the geoscience division of Datalog Technology Incorporated (DTI). With the addition of DTI, ILI is now the second largest independent surface logging company in the world with more than 800 field geologists and a fleet of nearly 200 logging units in 40 countries. Carlyle/Riverstone Global Energy and Power Funds and Cherington Capital provided the equity funding and NewStar Financial provided the debt financing. Financial terms were not disclosed.

"Our people, technologies, and customer-focused cultures are extremely complementary. ILI has been the fastest growing mud logging and well-site geology consulting service provider in the industry. In addition to a strong team, DTI brings an unmatched portfolio of innovative and uniquely effective technologies, including GC Tracer, the industry-leading complex gas analysis evaluation tool, and WellHub/IDS, the most effective real-time data transfer and web-based data storage product on the market," stated Ken Babcock, President and Chief Executive Officer of ILI.

"This merger creates a powerful global platform to serve our client's formation evaluation needs, and we will continue to invest in new capabilities and technologies in order to add higher levels of demonstrable value in the most challenging and complex drilling environments," stated Sean Padgett, ILI's Vice President of Strategy and Business Development.

Ken Babcock will continue to serve as President and Chief Executive Officer of the combined company. ILI's other senior management will also continue in their positions: Roger Rivet as Chief Financial Officer, Bruce Henderson as Vice President of Operations, and Sean Padgett as Vice President of Strategy and Business Development. Datalog's Dave Tonner will become the Vice President of Sales.

Mr. Babcock has 26 years of industry experience, serving as Director of Strategic Sales at Baker Hughes INTEQ and Vice President of Business Development at Noble Technology Services, prior to joining ILI. Mr. Rivet has 27 years experience in the industry, serving most recently as Chief Financial Officer of Diamond Products International. Mr. Henderson has 34 years of experience, including senior positions at EXLOG, Baker Hughes and Western Atlas. Mr. Padgett came to ILI from Bain & Company, after 21 years of management and consulting experience, having worked on more than 50 mergers and acquisitions. Mr. Tonner has been with Datalog for 15 years in a variety of roles, most recently as Senior Vice President of the Information Solutions Division.