ProPetro Acquires Silvertip Completion Services

ProPetro Acquires Aqua Prop

June 3, 2024

Energy

ProPetro Holding Corp. (NYSE: PUMP) acquired Aqua Prop LLC, a provider of wet sand solutions for hydraulic fracturing, in an all-cash transaction initially valued at $35.6 million net of working capital. The acquisition expands ProPetro’s integrated completions capabilities by adding onsite sand storage, handling and preferred logistics access and includes cash consideration, earnout incentives and potential growth capex.

RPC, Inc. Acquires Pintail Completions

April 1, 2025

Energy

RPC, Inc. (NYSE: RES) acquired Pintail Alternative Energy, L.L.C. (d/b/a Pintail Completions) effective April 1, 2025, for approximately $245 million in a deal funded with cash, restricted stock and a seller note. Pintail, headquartered in Midland, Texas, is a leading provider of oilfield wireline completions services in the Permian Basin; the acquisition expands RPC's completion service lines and Permian geographic footprint while adding a high-margin, cash-generative wireline business.

Liberty Oilfield Services Acquires PropX (Proppant Express Investments, LLC)

October 27, 2021

Energy

Liberty Oilfield Services Inc. acquired PropX (Proppant Express Investments, LLC), a Denver-based provider of last-mile proppant delivery equipment, logistics and software, in a transaction valued at approximately $90 million (cash and stock). The deal adds PropX's wet sand handling technology, proppant containers and PropConnect logistics software to Liberty's completion services offering to improve logistics efficiency and reduce emissions.

ProFrac Holding Corp. Acquires U.S. Well Services, Inc.

November 1, 2022

Energy

ProFrac Holding Corp. completed a stock-for-stock merger to acquire U.S. Well Services, issuing approximately 12.9 million shares (≈$270 million based on a 10-day VWAP) and using cash to retire about $170 million of USWS debt. The deal expands ProFrac's scale and positions it as a market leader in electric hydraulic fracturing with 12 electric fleets and an expected 44 active fleets by early 2023.

Select Energy Services Acquires Complete Energy Services from Superior Energy Services

July 12, 2021

Energy

Select Energy Services (NYSE: WTTR) acquired substantially all water-related assets and ongoing operations of Complete Energy Services, an operating subsidiary of Superior Energy Services, in exchange for 3.6 million shares of Class A common stock and $14.2 million in cash (subject to adjustments). The deal adds more than 300,000 barrels per day of permitted disposal capacity and brings over 700 field personnel to Select, expanding its footprint across the Permian, Mid-Continent, Rockies, Powder River Basin and the Marcellus/Utica regions.

Caliber Completion Services Acquires Wireline Assets from ClearWell/Pioneer Wireline

May 10, 2022

Oil & Gas

Caliber Completion Services, LLC acquired substantially all wireline assets previously owned by the ClearWell Dynamics subsidiary formerly known as Pioneer Wireline Services, LLC. The transaction — supported by investor B-29 Investments, LP — expands Caliber’s geographic footprint and service offerings across the Permian Basin and Mid‑Continent region, increasing its operational wireline units from seven to roughly forty.