Oilfield services provider Superior Well Services Inc. bought Nuex Wireline for $6 million
Oilfield services provider Superior Well Services Inc told the press on friday that the company has bought Nuex Wireline Inc. for about $6 million in cash.
Nuex specializes in cased-hole completion, which involves preparing a path for oil to flow from surrounding rock into production tubing for extraction.
The assets include 5 cased hole trucks, various tools and logging systems. Superior plans to keep Nuex’s 16 employees.
The acquired operations will be integrated into Superior’s Rocky Mountain operations in Brighton, Colo.
Superior shares rose 3 cents to $29.71 in afternoon trading.
