M&A Deal Summary |
|
|---|---|
| Date | 2012-12-18 |
| Target | Two State Oilfield |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Frac Tank Rentals |
| Deal Type | Add-on Acquisition |
| Advisor(s) | Wilcox Investment Bankers (Financial) |
SEARCH BY
Try For Free 7-Day Free Trial
| Category | Company |
|---|---|
| Founded | 1976 |
| Sector | Business Services |
Frac Tank Rentals is an independent frac tank rental company operating in the Permian Basin area of West Texas. Frac tanks are predominantly used to hold fluids in the hydraulic fracturing process for completing newly drilled oil and gas wells and reworking existing wells. FTR handles all of the logistics involving delivery, pick-up, cleaning ,and movement of its tanks between jobs using the Company’s fleet of twenty-seven winch trucks and six locations. Frac Tank Rentals was formed in 1976 and is based in Odessa, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 1 |
| State (New Mexico) | 1 of 1 |
| Country (United States) | 1 of 1 |
| Year (2012) | 1 of 1 |
