Professional M&A intelligence for the energy transition
Expro (NYSE: XPRO), which provides energy services, completed its acquisition of offshore services provider PRT Offshore, for $106 million. PRT Offshore is the only company to provide a complete Hook-to-Hanger solution enabling well completions, interventions, and decommissioning services from surface to subsea.
Archrock completed the acquisition of Total Operations and Production Services (TOPS) for $983 million, including approximately 580,000 horsepower of natural gas compression equipment focused on the Permian Basin.
Solaris Oilfield Infrastructure (renamed Solaris Energy Infrastructure) completed the acquisition of Mobile Energy Rentals for approximately $200 million, marking a strategic diversification beyond oilfield logistics into distributed power generation equipment rental serving data centers, oilfield power and other commercial markets.
Patterson-UTI Energy completed its all-stock merger with NexTier Oilfield Solutions, creating a U.S. provider of drilling and well completion services. The combined company continues to operate under the Patterson-UTI Energy name and trades on NASDAQ under PTEN, with headquarters in Houston. The merger expands the company's operational scale, combining 172 super-spec drilling rigs and about […]
Hawkins Lease Service has acquired Knock Out Energy LLC to expand its oilfield services footprint in the Permian Basin. Knock Out Energy provides oilfield services supporting drilling and production operations in the region. The acquisition adds equipment, personnel and operational capacity to Hawkins’ existing service platform. Hawkins said the transaction strengthens its ability to support […]