One-Page Deal Sheet
White Deer Energy Acquires Rockpile Energy Services
White Deer Energy Rockpile Energy Services
Announced Date
September 09,2016
Transaction Type
Corporate
Location
Region
Williston Basin
Country
United States
State
North Dakota
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Transaction Details: Require Private Equity Subscription
RockPile Energy Services, LLC, a subsidiary of Triangle Petroleum Corporation, has been acquired by White Deer Energy. The value of the deal was not disclosed.
Key Highlights:
RockPile will move forward with a debt-free balance sheet and adequate capital to fund growth RockPile's Management Team remains intact and committed to growing the CompanyAs part of the transaction, RockPile will move forward with a debt-free balance sheet and adequate capital required to pursue a robust growth pipeline. Important to note, the transaction was concluded on an out of court basis and involved no form…
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