Propell strengthened its portfolio with the acquisition of Texas-based oilfield equipment manufacturer Total E&S Inc., doing business as Total Equipment and Services (T.E.A.S.), the company said March 1.
The T.E.A.S. acquisition from C&J Energy Services Inc. includes coil tubing and well stimulation equipment designs and other IP, facilities, property and inventory. The value of the transaction wasn't disclosed.
T.E.A.S. equipment will undergo an engineering review and rebranding under the Propell name.
Propell said it has provided employment opportunities to current T.E.A.S. employees and will maintain current equipment manufacturing and equipment renewal operations at its headquarters in Granbury, Texas.
"By combining the assets of two strong companies, we now have a complete product portfolio under one aligned brand," James Easden, Propell president, said in a statement.
Propell has three locations, with equipment in operation across the U.S. and Canada, including more than 70 rapidly deployed bulk proppant handling systems, the release said.
Recommended Reading
Baltimore Port Closure Could Dent US Coal Export Volumes, EIA Says
2024-03-28 - Baltimore handled exports of 28 million short tons last year, making up 28% of total U.S. coal exports.
Green Light: NatGas Industry Just Fine, TG Natural Resources CEO Says
2024-03-27 - Craig Jarchow, president and CEO of TG Natural Resources, updated the integration status of its $2.7 billion acquisition of Rockcliff Energy and addressed macro concerns about the natural gas business at Hart Energy’s DUG GAS+ Conference and Expo in Louisiana.
Paisie: Dutch Vehicle Fleet Foreshadows Structural Shifts
2024-03-26 - The expanding role of battery electric vehicles will be supported by the development of associated supply chains, as indicated by Stratas Advisors' forecast of global EV battery production capacity.
Shipping Traffic Freezes Up in Port Waters After Baltimore Bridge Collapse
2024-03-26 - U.S. port of Baltimore traffic was suspended until further notice following a bridge collapse. At least 13 vessels expected to load coal were anchored near the port at the time of the incident.
Ksi Lisims LNG Signs Shell in First Offtake Agreement
2024-01-08 - Under a sale and purchase agreement, Shell will purchase 2 million tonnes of LNG per year from the proposed Canadian project.