The Role of A Board Member in M&A

Allen Gilmer, Founder of Enverus (formerly Drillinginfo)

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“If you’re hiring great people to run things, second-guessing them gives them an excuse to say I failed” - Allen Gilmer

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Kison speaks with Allen Gilmer, Founder of Enverus (formerly Drillinginfo) who has an interesting story of starting an M&A function from scratch and hiring a COO so he can step back but still retain control as a board member.

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Enverus is the leading single-source platform for management, development, and acquisition within the entire energy value chain. Providing actionable intelligence, in-depth analysis, and real-time access to analytics, Enverus empowers companies to discover unseen insights, act swiftly, and deliver extraordinary outcomes. Trusted by over 300 financial institutions and more than 5,000 energy companies, Enverus supports efficient production, capital allocation, and renewable energy development. The platform, built by and for the industry, offers a centralized source of truth with 20 years of market intelligence and machine learning, ensuring clients thrive today and tomorrow.

Industry

Software Development

Founded

1999

Website

https://enverus.com

Allen Gilmer

Allen Gilmer, Founder, Advisor, and former CEO/Chairman of Enverus (formerly Drillinginfo), and Co-Founder of Vecta Oil & Gas, Ltd, brings a deep geological and geophysical expertise to the M&A landscape. Allen's journey in the oil and gas industry began with his foundational work in geophysics, capitalizing on the digital revolution to transform seismic data analysis. Under his leadership, Drillinginfo launched in 1999, quickly becoming a pioneer in digital data solutions for the oil and gas sector. By 2004, Allen steered the company through its first strategic acquisition, a pivotal move that capitalized on unique, non-public historical data crucial for competitive advantage.