People | Service & Supply | Oilfield Services | Deals - Acquisition, Mergers, Divestitures
Viking Oil Tools, Wellsite Rental to Merge
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As oil price continue to tumble, two oil service companies majority own by Private Equity firm NGP Energy Technology Partners will be merging to form a new entity Wellsite Fishing and Rental Services LLC.
Kirby Arceneaux, Chairman of Wellsite will continue in the same capacity of the combined company while Wes Heiskell who was President and CEO of Viking Oil Tools will no longer retain the title of CEO but instead will be president.
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