One-Page Deal Sheet
FTS to Bolster Wireline Capacity; Inks Deal to Acquire J-W Wireline
FTS International Inc. J-W Wireline Company
Announced Date
November 03,2014
Transaction Type
Corporate
Location
Region
Northeast,Permian,Gulf Coast - South Texas,Ark-La-Tex
Country
United States
Play
Permian Basin,Eagle Ford Shale,Marcellus Shale,Utica Shale,Haynesville Shale,Haynesville-Bossier-CottonValley
Transaction Details: Require Private Equity Subscription
FTS International has signed a definitive agreement to acquire J-W Wireline Company. J-W Wireline, a subsidiary of J-W Energy Company, is one of the largest independent cased-hole wireline companies in North America.
The integration of FTSI’s existing wireline division and J-W Wireline will expand FTSI’s wireline service and geographical reach. FTSI’s wireline capacity will increase more than tenfold, and service will be extended to all locations where the company currently offers hydraulic fracturing services, including the Permian Basin; Eagle Ford, Marcellus, Utica and Haynesville shales…