Geospatial Corp. to Acquire ShaleNavigator

Geospatial Corp. (OTC Pink: “GSPH”) has announced that it has entered into a definitive agreement to acquire ShaleNavigator. ShaleNavigator is the premier shale oil and gas informational SaaS platform covering the rapidly growing Marcellus and Utica unconventional shale plays.

Geospatial also announced that it has hired Edward Camp, the founder of ShaleNavigator, to join Geospatial Corp. as Team Lead/ShaleNavigator. The transaction is scheduled to close on Oct. 17. No financial terms were provided.

ShaleNavigator is a cloud-based, interactive mapping software product containing more than 20 map layers including current permits, well results, lease offers, available property and pipelines in U.S. Shale oil and gas plays. ShaleNavigator offers map query, drawing and saving tools, and a newsboard that allows subscribers to zoom to breaking news.

ShaleNavigator currently serves a diversified mass audience comprised of oil and gas pipeline companies, property owners, municipalities, service providers to oil and gas, including engineering, construction, and housing; financial service providers, such as regional banks, wealth managers, investors, and appraisers; local, state and Federal government entities, colleges and universities.

“We are so excited to add Ed Camp and ShaleNavigator to the Geospatial family. Ed has done a fabulous job of creating ShaleNavigator and growing it into the premier oil and gas website providing valuable insight and information to critical players within the Marcellus and Utica regions,” said Geospatial CEO Mark Smith. “The combination of Ed’s vast mapping and information management experience and GeoUnderground, our cloud based GIS portal provides Geospatial with rich data and critical information concerning all aspects of the nation’s oil and gas industry.”

Camp went on to state, “I’m delighted to bring ShaleNavigator into the Geospatial family and join such a positive and vibrant management team. With Geospatial’s talent and resources we’ll have what we need to scale ShaleNavigator, providing critical information to the booming oil and gas industry across all US shale plays,” said ShaleNavigator founder Ed Camp.

Geospatial Corp. uses integrated technologies to determine the accurate location and position of underground pipelines, conduits and other underground infrastructure data allowing Geospatial to create accurate (3D) three-dimensional digital maps and models of underground infrastructure. The company manages this critical infrastructure data on its Cloud-Based GIS Portal called GeoUnderground, its proprietary GIS platform custom designed around the Google Maps API and Google Maps Engine.
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