The JF Petroleum Group announced on April 15 that the fueling system solutions provider has acquired GE Goodson Service Co. Inc., a general contractor for the petroleum equipment industry headquartered in Midland, Texas.
The GE Goodson Co. provides construction services and maintenance support in the greater Midland-Odessa area of Central to West Texas. The Goodson Branch will be incorporated into the JF West Region and operate as The JF Petroleum Group’s Midland branch on a go-forward basis, according to JF’s press release.
“JF continues to invest in organic expansion and growth through acquisition in support of increasing demand for construction, service and compliance-related services in the petroleum equipment industry. We are proud to welcome the employees of the GE Goodson Co. to the JF family,” Keith Shadrick, CEO of The JF Petroleum Group, said in the announcement.
Terms of the transaction were not disclosed.
Recommended Reading
Aethon Cuts Rigs but Wants More Western Haynesville Acreage
2024-03-31 - Private gas E&P Aethon Energy has drilled some screamers in its far western Haynesville Shale play—and the company wants to do more in the area.
Which Haynesville E&Ps Might Bid for Tellurian’s Upstream Assets?
2024-02-12 - As Haynesville E&Ps look to add scale and get ahead of growing LNG export capacity, Tellurian’s Louisiana assets are expected to fetch strong competition, according to Energy Advisors Group.
EIA: E&P Dealmaking Activity Soars to $234 Billion in ‘23
2024-03-19 - Oil and gas E&Ps spent a collective $234 billion on corporate M&A and asset acquisitions in 2023, the most in more than a decade, the U.S. Energy Information Administration reported.
Hess Pushes Shareholders to Vote in Favor of $53B Chevron Merger
2024-04-01 - Hess Corp.’s board is unanimously recommending its shareholders vote in favor of the proposed $53 billion all-stock merger with Chevron Corp., according to Chevron’s March 28 Securities and Exchange Commission filing.
CERAWeek: Exxon Mobil CEO Says Not Trying to Acquire Hess
2024-03-18 - CEO Darren Woods said Exxon Mobil is trying to secure preemption rights over Hess Corp.'s Guyana assets in its dispute with Chevron, not buy the company itself.