Produced and flowback water is treated and recycled with proprietary systems, which are designed to cut water-specific operating costs by eliminating wastewater transportation and disposal and freshwater sourcing and transportation.
Askarri, based in Houston, has been dormant for the last few years, the release said. However, the company is said to have history with major oil companies, providing services to both onshore and offshore oil and gas producers.
John Stude was vice president of business development for North America services at Superior Energy Services. Prior to its acquisition by Superior, Stude was vice president of corporate development for Complete Production Services.
"The proposed acquisition would raise no competition concerns, given the very limited overlaps between the companies' activities and the modest increment in market shares brought about by the transaction," the European Commission said.
On Aug. 13, 2014, Texas Court of Appeals, Third District, upheld Travis County Judge John Dietz’s reversal in a written judgment. Originally in 2012, Dietz agreed with exempting equipment under tax code.