Superior Well Services, Inc to Expand Presence in Rocky Mountain Region
Superior Well Services, Inc told the press about the latest news saying that it purchased substantially all of the operating assets of Nuex Wireline, Inc. (“Nuex”) for approximately $6.0 million in cash. Nuex provides cased hole completion services. The operating assets include 5 cased hole trucks and various tools and logging systems that are compatible with Superior’s existing systems. Superior plans to retain all of Nuex’s 16 employees. The acquired operations will be integrated into Superior’s Rocky Mountain operations, which will expand its presence in Brighton, Colorado.
David Wallace, Chief Executive Officer, commented that “The Nuex acquisition expands our wireline operations in our growing Rocky Mountain Region and provides us with a number of top-tier personnel. Additionally, this accretive acquisition provides new opportunities to grow Superior’s stimulation, nitrogen and cementing services in markets currently serviced by Nuex’s operating assets.”
Superior Well Services, Inc. is an oilfield services company operating in many of the major oil and natural gas producing regions in the United States.
