Service & Supply | Top Story | Oilfield Services | Deals - Acquisition, Mergers, Divestitures
Midland Service Co. Regiment LLC Expands Fleets, Service Offerings
Regiment LLC has recently expanded its pressure pump offerings via two acquisitions:
- In late September, Regiment acquired a fleet of pumps and high specification frac stack equipment from a private pressure pumper.
- In a separate transaction in November, Regiment acquired additional pressure pumping equipment from a leading Permian Basin operator.
Together, the two acquisitions increased Regiment's total asset base to over 75,000 HHP and expanded the company's service offering to include pump rental and frac stack services.
Regiment's Co-Founder and CFO Marcus Minton said "We're excited to grow our existing pressure pumping services, as well as launch our new pressure pumping rental and frac stack service lines. The addition of Tier IV equipment and the optionality of dual fuel consumption will help Regiment lower its emissions as customers seek to reduce their carbon footprint. We have grown our equipment base substantially in 2021, with plans for continued expansion in 2022."
Regiment is a portfolio company of Energy Founders Fund, LP.
Recent Deals/Transactions
Date Annouced | Category | Headline | Buyer(s) | Seller(s) | Value ($mm) |
---|---|---|---|---|---|
02/12/2024 | E&P | Diamondback To Acquire Endeavor Energy In $26 Billion Transaction | |||
02/07/2024 | E&P | California Resources To Acquire Aera Energy For $2.1 Billion | |||
01/15/2024 | E&P | Talos Acquires QuarterNorth Energy For $1.2 Billion | |||
01/11/2024 | E&P | Chesapeake To Acquire Southwestern Energy | |||
01/11/2024 | E&P | Prairie Operating Bolt-On DJ Basin Assets From Nickel Road | |||
01/04/2024 | E&P | APA Corp to Acquire Permian Pure Player- Callon In All Stock Deal | |||
12/15/2023 | E&P | TG Natural Resources To Acquire backed-Rockcliff Energy II For $2.7 Billion | |||
12/15/2023 | E&P | Fury Resources Takes Battalion Private In Transaction Worth $450 Million : Map | |||
12/11/2023 | E&P | Oxy Acquires Midland Basin Juggernaut For $12 Billion | |||
11/21/2023 | E&P | Northern Oil Acquires Additional Permian Working Interest; Enters Utica | |||
Total |