M&A Deal Summary

Gravity Oilfield Services Acquires McKenzie Energy Partners

On June 21, 2018, Gravity Oilfield Services acquired energy services and equipment company McKenzie Energy Partners

Acquisition Highlights
  • This is Gravity Oilfield Services’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Gravity Oilfield Services’ 3rd transaction in the United States.
  • This is Gravity Oilfield Services’ 1st transaction in North Dakota.

M&A Deal Summary
Date 2018-06-21
Target McKenzie Energy Partners
Sector Energy Services and Equipment
Buyer(s) Gravity Oilfield Services
Deal Type Add-on Acquisition

Target

McKenzie Energy Partners

Watford City, North Dakota, United States
McKenzie Energy Partners LLC provides reliable, contracted midstream based water management solutions for some of the most active operators in the Bakken through a network of produced water gathering pipelines and water disposal wells situated on core acreage dedications.

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Buyer(S) 1

Buyer

Gravity Oilfield Services

Midland, Texas, United States
Category Company
Founded 2017
Sector Energy Services and Equipment
DESCRIPTION

Gravity Oilfield Services is a provider of critical oilfield services including water logistics and infrastructure solutions, comprehensive remote power offerings, and wellbore services to upstream oil and natural gas companies operating throughout the United States. Gravity Oilfield Services was formed in 2017 and is headquartered in Midland, Texas.

DEAL STATS #
Overall 3 of 6
Sector (Energy Services and Equipment) 3 of 3
Type (Add-on Acquisition) 1 of 2
State (North Dakota) 1 of 2
Country (United States) 3 of 6
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-09-27 Globe Energy Services

Snyder, Texas, United States

Globe Energy Services LLC provides a full range of services primarily focused on production activities and the maintenance of existing wells, with capabilities that include fluid services, completion services, artificial lift, well services, fishing and rental, production chemicals, water infrastructure solutions and other environmental services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-21 MBI Oil & Gas - Bakken Disposal Infrastructure

Belfield, North Dakota, United States

MBI Oil & Gas LLC - Bakken Disposal Infrastructure is a provider of water disposal infrastructure services.

Buy -
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