M&A Deal Summary |
|
|---|---|
| Date | 2012-04-23 |
| Target | Patterson-UTI Energy - Flowback Operations |
| Sector | Energy Services and Equipment |
| Buyer(s) | Tetra |
| Sellers(s) | Patterson-UTI |
| Deal Type | Divestiture |
| Deal Value | 43M USD |
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| Category | Company |
|---|---|
| Founded | 1981 |
| Sector | Energy Services and Equipment |
| Employees | 1,400 |
| Revenue | 599M USD (2024) |
Tetra is a geographically diversified oil and gas services company focused on completion fluids and associated products and services, water management, after-frac flow back, production well testing, offshore rig cooling, compression-based production enhancement, and selected offshore services, including well plugging and abandonment, decommissioning, and diving. Tetra was founded in 1981 and is based in The Woodlands, Texas.
| DEAL STATS | # |
|---|---|
| Overall | 3 of 5 |
| Sector: Energy Services and Equipment M&A | 2 of 3 |
| Type: Divestiture M&A Deals | 1 of 1 |
| Country: United States M&A | 2 of 3 |
| Year: 2012 M&A | 2 of 3 |
| Size (of disclosed) | 4 of 4 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-03-09 |
Optima Solutions UK
Aberdeen, United Kingdom Optima is a provider of rig cooling services and associated products that suppress heat generated by the high-rate flaring of hydrocarbons during offshore well test operations |
Buy | £40M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2012-07-31 |
Greywolf Production Systems
Crossfield, Alberta, Canada Greywolf Production Systems, Inc. is a well testing services and are putting our mark on the Coil Tubing service industry. |
Buy | $56M |
| Category | Company |
|---|---|
| Founded | 1978 |
| Sector | Oil/Gas Exploration |
| Employees | 9,200 |
| Revenue | 5.4B USD (2024) |
Patterson-UTI provide onshore contract drilling and pressure pumping services, operate land-based drilling rigs in oil and natural gas producing regions to exploration and production companies in North America. Patterson-UTI was founded in 1978 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 |
| Country: United States M&A | 1 of 1 |
| Year: 2012 M&A | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2010-07-02 |
Universal Pressure Pumping
Houston, Texas, United States Universal Pressure Pumping, Inc.provides unsurpassed pressure pumping and reservoir enhancement services to the oil and gas industries. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2014-06-06 |
Pressure Pumping Operations - East Texas
Texas, United States Pressure Pumping Operations - East Texas includes 31,500 horsepower of hydraulic fracturing equipment. |
Buy | - |
