Verdisys, a Houston-based provider of patented lateral drilling oil services and satellite communications to the energy industry, and Reconstruction Data Group [OTCBB: RDGI] have signed a definitive agreement to merge the two companies in a stock swap transaction. After completion of the merger, the combined company would have approximately 28 million outstanding shares.

The merger would allow Verdisys to expand its lateral drilling and satellite communication businesses. The company’s satellite communications business, Satellite Private Networks, uses two-way satellite broadband to provide energy companies with remote energy management applications, including access to remote sites such as wellheads, drilling platforms and storage facilities.