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The acquisition marks RockPile's first deal after being acquired by White Deer Energy on Sept. 8. Denver-based RockPile was a subsidiary of Triangle Petroleum, which filed for chapter 11 in June.
Based in Corpus Christi, Texas, Top Notch is a provider of thru tubing, fishing and milling services with operations across the Eagle Ford and Permian Basin markets.
Houston-based Patterson-UTI said it entered an agreement to acquire Warrior Rig, which designs, manufactures and services high-spec rig components with a recent focus on top drive technology for improved drilling performance.
Clariant is buying Kel-Tech Inc. of Midland, Texas, from private equity firm Arsenal Capital Partners and Irving, Texas-based X-Chem LLC from NCH Corp., with the deal to be completed on Oct. 1.
As global energy demand and oil price uncertainty linger, one of the world’s largest oilfield services companies is positioning itself for growth.
RockPile will move forward with a debt-free balance sheet and adequate capital to fund growth, according to a press release. In addition, RockPile's management team will remain intact.
Jilpetco will continue as a registered operator with the Texas Railroad Commission, with Pinney serving as its president.
The acquisition strengthens Blackeagle's existing Texas operations and puts the company at 'the epicenter of the nation's largest oil producing region.'
Located in Tyler, Texas, NBR has access to prolific shales within the state with the capacity to produce more than 2 million tons of fine-grade frack sand per year.
U.S. Silica, determined to make acquisitions in the downturn, has added Texas regional sand, high-purity Illinois sand and logistics to its portfolio this year.
The offshore drilling industry is facing challenges as oil companies postpone or cancel exploration and development projects due to low crude prices.
Baker Hughes' outlook was more "sanguine" than its peers', said Evercore ISI analyst James West, noting that oil prices have slid from last week, when Schlumberger and Halliburton reported results.