Professional M&A intelligence for the energy transition
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 […]
Baker Hughes agreed to acquire Chart Industries through a merger in which a wholly owned subsidiary of Baker Hughes will merge with Chart, making Chart a wholly owned subsidiary. Under the terms of the agreement, Chart shareholders will receive $210 per share of common stock in cash. The purchase price represents an enterprise value of […]