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SLB acquired ChampionX in a $7.75B all-stock deal, strengthening its position in the production phase of oil & gas operations with world-class production chemicals and artificial lift technologies.
Valveworks USA has acquired Houston Oilfield Equipment, expanding its choke division and strengthening its position in pressure control equipment for the oil and gas industry. The transaction combines Houston Oilfield Equipment with Valveworks USA and Lancaster Chokes under the company's choke division platform. The acquisition became effective May 1. Houston Oilfield Equipment makes equipment used […]
ProFrac Holding completed the acquisition of U.S. Well Services in a stock-and-cash transaction valued at approximately $316 million.
Patterson-UTI Energy (NASDAQ:PTEN) completed the acquisition of Ulterra Drilling Technologies, L.P., a provider of specialized drill bit solutions, for $370 million of cash and 34.9 million shares of Patterson-UTI common stock.
Halliburton Company completed the acquisition of Optime Subsea, a Norwegian provider of subsea well intervention and installation technologies. The transaction expands Halliburton's subsea services offering with Optime's CITS (Compact Intervention Tubing Severance) and ROCS (Remotely Operated Controls System) technologies, addressing growing demand for cost-effective subsea well access globally.
ChampionX Corporation acquired UK-based RMSpumptools Limited for approximately $110M, expanding its electric submersible pump (ESP) artificial lift offering with RMS's intelligent ESP technology platform serving the offshore and harsh environment markets.
ProPetro Holding Corp. acquired Par Five Energy Services, adding cementing services to ProPetro's hydraulic fracturing and wireline offering in the Permian Basin and increasing its addressable market with existing Permian customers.
Liberty Energy acquired PropX, a provider of last-mile proppant delivery solutions and proprietary container-based logistics technology used in U.S. land hydraulic fracturing operations. The acquisition vertically integrates proppant delivery into Liberty's frac services offering.
Helmerich & Payne, Inc. completed the acquisition of KCA Deutag International for $1.97 billion in cash, including the assumption of certain debt. KCA Deutag is a global drilling company and has a significant land drilling presence in the Middle East, with additional operations in South America, Europe and Africa.
Precision Drilling Corporation completed the acquisition of CWC Energy Services in a deal valued at approximately C$127 million, adding 65 service rigs and 7 drilling rigs operating primarily in the Western Canadian Sedimentary Basin. The deal consolidates Precision's market-leading position in Canadian land drilling and well servicing.