M&A Deal Summary

Halliburton Acquires Wellbore Energy Solutions

On February 12, 2010, Halliburton acquired oil/gas exploration company Wellbore Energy Solutions from NGP Energy Technology Partners

Acquisition Highlights
  • This is Halliburton’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Halliburton’s 5th transaction in the United States.
  • This is Halliburton’s 1st transaction in Louisiana.

M&A Deal Summary

Date 2010-02-12
Target Wellbore Energy Solutions
Sector Oil/Gas Exploration
Buyer(s) Halliburton
Sellers(s) NGP Energy Technology Partners
Deal Type Add-on Acquisition

Target

Wellbore Energy Solutions

Broussard, Louisiana, United States
Wellbore Energy Solutions is an oilfield services company specializing in the rental of wellbore cleaning equipment.

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Buyer(S) 1

Buyer

Halliburton

Houston, Texas, United States

Category Company
Founded 1919
Sector Energy Services and Equipment
Employees48,000
Revenue 23.0B USD (2023)
DESCRIPTION
Entrance to Halliburton's corporate headquarters in Houston, Texas.
Entrance to Halliburton's corporate headquarters in Houston, Texas.

Halliburton is a provider of services and products for the exploration, development, and production of oil and natural gas to oil and gas companies. The company operates in two segments, Completion and Production, and Drilling and Evaluation. Halliburton was founded in 1919 and is based in Houston, Texas.


DEAL STATS #
Overall 8 of 21
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 4 of 16
State (Louisiana) 1 of 2
Country (United States) 5 of 17
Year (2010) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2008-08-28 Pinnacle Technologies

San Francisco, California, United States

Pinnacle Technologies, Inc. is a provider of unique integration of microseismic, tiltmeter, and fiber optic technologies to maximize completion efficiency and production economics.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-09-17 Boots & Coots

Houston, Texas, United States

Boots & Coots, Inc. is a provider of integrated pressure control and related services to onshore and offshore oil and gas exploration and development companies worldwide.

Buy -

Seller(S) 1

SELLER

NGP Energy Technology Partners

Washington, District of Columbia, United States

Investor Investor Investor Investor Investor


Category Corporate Investor
Founded 2005
PE ASSETS 500M USD
Size Middle-Market
Type Sector Focused
DESCRIPTION

NGP Energy Technology Partners LP (“NGP ETP”) is private equity firm focused the energy sector. The Firm targets buyout and growth capital transactions in sub-sectors spanning alternative energy, energy efficiency, oilfield technology and power. NGP will consider both minority and control investments and looks to invest $5 to $30 million per transaction. NGP Energy Technology Partners is a subsidiary of the NGP Energy Capital Management. NGP Energy Technology Partners was formed in 2005 and is based Washington DC with an additional office in New Orleans.


DEAL STATS #
Overall 1 of 17
Sector (Oil/Gas Exploration) 1 of 3
Type (Add-on Acquisition) 1 of 9
State (Louisiana) 1 of 3
Country (United States) 1 of 16
Year (2010) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-09-09 American Wind Capital

Old Saybrook, Connecticut, United States

American Wind Capital ("AWCC"), led by Charles C. Hinckley is a leading company in the wind energy royalty acquisition business. AWCC was formed for the purpose of purchasing long-term royalty payments from property owners who receive royalty income from wind power projects in the United States.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-07-19 LED Engin

San Jose, California, United States

LED Engin, Inc. is a developer, manufacturer, and seller of advanced LED emitters, optics components and light source modules in a unique, high-lumen density, compact, multi-die package that enable solid-state lighting solutions for a wide range of applications.

Buy -