Oilfield services provider Eastern Energy Services Inc. will acquire 100% of the ownership interests of Conquest Completion Services LLC, the company announced in an Sept. 28 press release.
Headquartered in Houston, Texas, Conquest is a provider of large diameter coiled tubing units and oilfield chemicals used to advance reservoir performance. The acquisition supports Eastern’s completion, intervention and production services in several basins, including the Haynesville Shale, Austin Chalk, Tuscaloosa Marine Shale, Louisiana and conventional fields in Mississippi, Alabama and Florida.
Piper Sandler served as the exclusive financial adviser to Conquest.
Recommended Reading
Apache CEO: Longer Laterals Expected as Permian Enters New Era
2024-05-17 - With more than a decade of development in the Midland and Delaware basins, there are more limitations that operators will have to work around, said Apache Corp. CEO John Christmann at Hart Energy's SUPER DUG Conference & Expo.
Enverus: Permian Gains Will Sustain US Oil Production Through 2030
2024-05-09 - Crude output gains from the Permian Basin will keep U.S. oil production relatively flat entering the 2030s, offsetting declines from mature oily basins, according to Enverus Intelligence Research.
Gulfport Plans Liquids-rich Program After ‘Strong’ Ohio Oil Tests
2024-05-01 - Appalachia gas producer Gulfport Energy continues to report “strong oil production” from a two-well Hendershot pad drilled in eastern Ohio last year. Gulfport plans to develop additional liquids-rich opportunities this year as natural gas prices hover near record lows.
Decoding the Delaware: How E&Ps Are Unlocking the Future
2024-05-01 - The basin is deeper, gassier, more geologically complex and more remote than the Midland Basin to the east. But the Delaware is too sweet of a prize to pass up for many of the nation’s top oil and gas producers.
Chevron CEO: Permian, D-J Basin Production Fuels US Output Growth
2024-04-29 - Chevron continues to prioritize Permian Basin investment for new production and is seeing D-J Basin growth after closing its $6.3 billion acquisition of PDC Energy last year, CEO Mike Wirth said.