Service & Supply | Top Story | Oilfield Services | Frac Markets - Pressure Pumping | Deals - Acquisition, Mergers, Divestitures
Keane Group Adds Horsepower For Cheap
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Trican Well Service Ltd. has entered into a definitive agreement with Keane Group, a privately-held, U.S. based well completion services company for the sale of Trican's United States pressure pumping business.
Sale of the pressure pumping and select related assets Purchase price of USD $200 mm Trican will retain its Completion Solutions, Geological Services and Industrial Services businesses Keane Group to grow from 300,000 frac horsepower to over 950,000The combined group will now move ahead of Cudd, making it the seventh largest pressure pumper by HP.
Before Transaction: After Transaction:The transaction involves the sale of the pressure pumping and select related assets and the assumption of certain liabilities of Trican Well Service, L.P., Trican's wholly-owned subsidiary…
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