Blackeagle Energy Services expanded its footprint with the acquisition of certain Permian Basin assets from Brazos Rock Inc., the company said Aug. 24.
The acquisition, terms of which were undisclosed, strengthens Blackeagle's existing Texas operations and puts the company at "the epicenter of the nation's largest oil producing region," said Rick Barrett, president and CEO.
"By establishing a leading presence in the region, at what is widely considered the bottom of the cycle, Blackeagle is well positioned for future growth," Barrett said in a statement.
Blackeagle, based in Berthoud, Colo., provides energy-related construction and maintenance services. The company will employee Brazos Rock's former employees and occupy the company's building and yard in Midland, Texas, according to a press release.
Recommended Reading
Canadian Railway Companies Brace for Strike
2024-04-25 - A service disruption caused by a strike in May could delay freight deliveries of petrochemicals.
Enterprise’s SPOT Deepwater Port Struggles for Customers
2024-04-25 - Years of regulatory delays, a loss of commercial backers and slowing U.S. shale production has Enterprise Products Partners’ Sea Port Oil Terminal and rival projects without secured customers, energy industry executives say.
Report: Crescent Midstream Exploring $1.3B Sale
2024-04-23 - Sources say another company is considering $1.3B acquisition for Crescent Midstream’s facilities and pipelines focused on Louisiana and the Gulf of Mexico.
For Sale? Trans Mountain Pipeline Tentatively on the Market
2024-04-22 - Politics and tariffs may delay ownership transfer of the Trans Mountain Pipeline, which the Canadian government spent CA$34 billion to build.
Energy Transfer Announces Cash Distribution on Series I Units
2024-04-22 - Energy Transfer’s distribution will be payable May 15 to Series I unitholders of record by May 1.