M&A Deal Summary

Basic Marine Services Acquires Parker Drilling Offshore USA

On December 20, 2006, Basic Marine Services acquired energy services and equipment company Parker Drilling Offshore USA from Parker Drilling

Acquisition Highlights
  • This is Basic Marine Services’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Basic Marine Services’ 2nd transaction in the United States.
  • This is Basic Marine Services’ 1st transaction in Oklahoma.

M&A Deal Summary

Date 2006-12-20
Target Parker Drilling Offshore USA
Sector Energy Services and Equipment
Buyer(s) Basic Marine Services
Sellers(s) Parker Drilling
Deal Type Divestiture

Target

Parker Drilling Offshore USA

Tulsa, Oklahoma, United States
Parker Drilling Offshore USA LLC, provides drilling services.

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Buyer(S) 1

Buyer

Basic Marine Services

Midland, Texas, United States

Category Company
Sector Energy Services and Equipment
Employees4,100
DESCRIPTION

Basic Marine Services, Inc., provides well site services essential to maintaining production from the oil and gas wells within its operating area.


DEAL STATS #
Overall 2 of 2
Sector: Energy Services and Equipment M&A 2 of 2
Type: Divestiture M&A Deals 1 of 1
State: Oklahoma M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2006 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-12-20 Davis Tool Co.

Hobbs, New Mexico, United States

Davis Tool Co., Inc., provides rental and fishing tool services.

Buy -

Seller(S) 1

SELLER

Parker Drilling

Houston, Texas, United States

Category Company
Founded 1934
Sector Energy Services and Equipment
Employees2,670
Revenue 630M USD (2019)
DESCRIPTION

Parker Drilling is a provider of advanced drilling solutions to the energy industry. Parker providing worldwide drilling services, rental tools and project management, including rig design, construction and operations management. Parker Drilling was founded in 1934 and is based in Houston, Texas.


DEAL STATS #
Overall 1 of 1
Sector: Energy Services and Equipment M&A 1 of 1
Type: Divestiture M&A Deals 1 of 1
State: Oklahoma M&A 1 of 1
Country: United States M&A 1 of 1
Year: 2006 M&A 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-22 International Tubular Services

Aberdeen, United Kingdom

International Tubular Services Ltd. is an international rental tools and well services company.

Buy -