Showing posts with label Wellsite Rental Administrations declares merger with Viking Oil Apparatuses. Show all posts
Showing posts with label Wellsite Rental Administrations declares merger with Viking Oil Apparatuses. Show all posts

Friday, July 10, 2015

Wellsite Rental Administrations declares merger with Viking Oil Apparatuses

Wellsite Rental Administrations declares merger with Viking Oil Apparatuses

Friday, Jul 10, 2015

Wellsite Rental Administrations, LLC ("Wellsite"), a main supplier of boring and culmination rental hardware, and Viking Oil Devices ("Viking"), a forte angling, through tubing and medicinal administrations organization, have consented to converge to frame Wellsite Angling and Rental Administrations, LLC. Both organizations are greater part possessed by NGP Vitality Innovation Accomplices ("NGP ETP"), a vitality private value firm.

"The Wellsite and Viking administration offerings are extremely reciprocal in fulfillment and healing applications, so we see this mix as an awesome key open door for both organizations. We are additionally exceptionally eager to have two demonstrated administration groups with profound industry experience accomplice together," says Michael LeBourgeois, overseeing chief of NGP ETP.

"Wellsite offers brilliant tubulars and related taking care of instruments alongside a mixed bag of other rental things, so consolidating Viking's top of the line through tubing, angling and therapeutic administration lines with our broad rental portfolio is a key move for both organizations," says Kirby Arceneaux, executive and Chief of the joined organization. "This permits Wellsite to give complete bundles of gear and field benefit in the wake of breaking operations are finished and empowers us to all the more extensively contend in the boring, workover and fulfillments markets."

Taking after the finish of the merger, Wes Heiskell, previous president and Chief of Viking will serve as Wellsite's Leader. "The Viking group is eager to be converging with Kirby and his Wellsite group," says Heiskell. "This vital merger is an incredible open door for both organizations to grow our item and administration offerings and extend our associations with existing and potential clients over a few business sectors, including the Permian, Marcellus, Utica, Bird Passage, East Texas and the Inlet Coast."

Mark Johnson, current president of Wellsite, will serve as the Boss Working Officer of the consolidated organization.

"We are anticipating working with Wes and his group at Viking to unite the best of both organizations," says Johnson. "Together, we will keep on giving quality items and administrations to our clients and will fortify our worth in an undeniably focused business sector."

About Wellsite Rental Administrations, LLC

Wellsite Rental Administrations is a thorough rental hardware supplier for the boring and fulfillment parts of the oil and gas industry. The organization gives tubing and related hardware, claim to fame trailers, cooling and warming trailers, computerized slips, and extra rental gear. The organization gives savvy answers for its clients all through North America and is bolstered by an in number operations group with over 100 years of aggregate involvement in the oil and gas administration business.

About Viking Oil Instruments

Headquartered in The Forests, Texas, Viking Oil Instruments gives oil and gas makers with astounding angling, through tubing and therapeutic gear and administrations. Viking is focused on giving an attention on wellbeing, best in class hardware and magnificence in client administration, driven by an administration group with over 100 years of aggregate authority experience.

About NGP Vitality Innovation Accomplices

Established in 2005, NGP Vitality Innovation Accomplices (NGP ETP) contributes value capital for development and buyout exchanges in organizations that give items and administrations to the oil and gas, power, vitality productivity and option vitality areas. NGP ETP is an associate of NGP Vitality Capital Administration (NGP ECM), a chief venture establishment in the normal assets industry, which together with its offshoots has overseen more than $16 billion in combined conferred capital since 1988. NGP ETP is headquartered in Washington, D.C., and has an office in New Orleans, Louisiana.

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