Acquisitions & Divestitures - Service & Supply


Klvac Becomes CFO Of 1845 Oil Field Services

David Klvac has almost 20 years’ accounting and finance experience for the E&P, oilfield services and power industry sectors. Most recently, Klvac was CFO for two oilfield service companies.

Mon, 06/29/2015 - 11:38

Blue Water, Viscos Form Sludge To Oil JV Company

Oilfield technologies company Blue Water Petroleum Corp. signed a letter of intent with Viscos Energy Partners to form STO (Sludge to Oil) to operate Viscos’ oil sludge remediation, upgrading system.

Fri, 06/26/2015 - 14:53

Vallourec Makes Several North America Region Appointments

Nicolas de Coignac, president, North America, said the personnel appointments will streamline synergies between drilling, accessories, service and other operations, benefiting the France-based tubular solutions company’s North American customers. 

Tue, 06/23/2015 - 09:31

ROC Services Receives Facility For Acquisition By Coral Reef

Wellsite services provider ROC Services Co. will be acquired by Coral Reef Capital. GE Capital Markets arranged a $17 million credit facility funding the acquisition.

Wed, 06/10/2015 - 12:21

Rockwater Energy Solutions Appoints Ladhani As President

Oilfield water management and chemical solutions provider Rockwater Energy Solutions Inc. appointed Holli Ladhani as president and CEO. She was also appointed to the board of directors.

Mon, 06/08/2015 - 12:17

Mannon Appointed CEO, President Of Stallion

Mannon has more than 30 years’ experience in oilfield services.

Previously, Mannon was CEO and president of Parker Drilling Co., and also CEO and president of Triton Engineering Services Co.

Tue, 06/02/2015 - 10:10

National Oilwell Varco Prevails In Mud Pump Spy Case

In an industrial espionage case wedged somewhere between the worlds of James Bond and Austin Powers, National Oilwell Varco LP (NOV) has won its legal battle against Mud King Products Inc.

Houston’s Mud King will pay NOV nearly $400,000 in a case involving the theft of NOV’s blueprints by the third-party parts supplier. NOV had sought nearly $7 million in damages.

Darren Barbee
Thu, 05/28/2015 - 12:33

Patterson Tubular Appoints Stewart As Channelview Director Of Operations

Vince Stewart became director of operations at the Channelview, Texas, facility, directing operational, safety and sales efforts. Stewart first joined the Patterson companies in 1981. 

Thu, 05/21/2015 - 15:47

Oilfield Service Deals Stagnate For Want Of Buyers

Potential buyers have had to cut employees, and so far few companies are going out of their way to aggressively buy frack fleets or other equipment.

Wed, 05/20/2015 - 09:58

Service Companies Might Turn To Mergers In Second-Half 2015

Services companies have taken the hardest hit in industry from the oil price drop, Bloomberg said. Companies with weaker balance sheets might need to consider mergers to survive.  

Fri, 05/15/2015 - 12:19

OTC 2015: Guarded Optimism Ahoy!

Manufacturing and engineering firms see the first green shoots of activity improvement as the industry retools for the future. 

Wed, 05/06/2015 - 12:10

Oil States Details Executive Changes

Charles Moses will retire July 1 as president of Oil States International Inc.'s offshore products segment, Oil States Industries. Scott Moses will be appointed president July 1. He is currently senior vice president of operations.

Tue, 05/05/2015 - 12:01