Pandell acquires PetroNet Systems

05 October 2020

On October 5, 2020, Pandell Technology Corporation, a pioneer of Software-as-a-Service (SaaS) solutions to the energy industry, announced that PetroNet production accounting software had joined Pandell's comprehensive back-office software suite for oil and gas companies. The transaction was an asset purchase with the existing PetroNet team joining Pandell's Canadian operations.



The PetroNet cloud-based solution is used by more than 100 oil & gas petroleum producers in Canada to manage their production accounting operations and government reporting requirements. Combining PetroNet software with the Pandell financial suite reinforces Pandell's position as the back-office software leader in the upstream oil & gas sector.

Gowling WLG advised Pandell in this acquisition with a team led by Greg Peterson, with the assistance of Simanpreet Panaych (corporate finance) and Ted Thiessen (tax).


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