M&A Deal Summary |
|
|---|---|
| Date | 2020-03-09 |
| Target | NexTier Oilfield Solutions - Well Support Services |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Basic Energy Services |
| Sellers(s) | NexTier Oilfield Solutions |
| Deal Type | Divestiture |
| Deal Value | 94M USD |
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| Category | Company |
|---|---|
| Founded | 1992 |
| Sector | Energy Services and Equipment |
| Employees | 2,800 |
| Revenue | 411M USD (2020) |
Basic Energy Services is a provider of well-site services for oil and gas exploration and production companies. These services are fundamental to establishing and maintaining the flow of oil and gas from a well throughout its life cycle. Basic Energy Services was formed in 1992 and is based in Fort Worth, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 18 of 18 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 2 of 2 |
| State (Texas) | 11 of 11 |
| Country (United States) | 18 of 18 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 3 of 10 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-09-17 |
Pioneer Fishing & Rental Services
San Antonio, Texas, United States Pioneer Fishing & Rental Services LLC, operates its rental and fishing tool business from locations in Woodward, OK, Pampa, TX and Springtown, TX. |
Buy | $16M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-17 |
Agua Libre
Fort Worth, Texas, United States Agua Libre is a provider of water midstream, logistics and production services to the oil and gas industry, including operations in Texas, New Mexico, Oklahoma, Louisiana and North Dakota. Agua Libre is based in Fort Worth, Texas. |
Sell | - |
| Category | Company |
|---|---|
| Founded | 1973 |
| Sector | Oil/Gas Exploration |
| Employees | 3,340 |
| Revenue | 1.4B USD (2021) |
NexTier Oilfield Solutions is a provider of integrated completions focused on US land. The company delivers safe, efficient and innovative services that enable customers to win by accelerating production while generating leading returns. Its principal service offerings include horizontal and vertical fracturing, wireline perforation and logging, and engineered solutions. NexTier Oilfield Solutions was founded in 1973 and is based in Houston, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Texas) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2020) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2019-10-31 |
C&J Energy Services
Houston, Texas, United States C&J Energy Services Inc. is an independent provider of premium hydraulic fracturing, coiled tubing, wireline, pressure pumping and other complementary oilfield services with a focus on complex, technically demanding well completions. C&J Energy Services was formed in 1997 and is based in Houston, Texas. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-04 |
Alamo Pressure Pumping
Midland, Texas, United States Alamo Pressure Pumping is a Permian pressure pumper based on next-generation horsepower and active fleets. Acquired assets include 9 hydraulic fracturing fleets comprised of 460,000 horsepower, approximately 92% of which is Tier IV DGB capable. Alamo operates exclusively in the Permian Basin and primarily out of Midland. Alamo Pressure Pumping was founded in 2017 and is based in Midland, Texas. |
Buy | $268M |
