One-Page Deal Sheet
Wood Group Acquires Bakken Oil Field Services Company
Wood Group Mitchell's Oil Field Services, Inc.
Announced Date
September 21,2012
Transaction Type
Corporate
Location
Region
Williston Basin
Country
United States
State
North Dakota
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Wood Group has agreed to acquire Mitchell's Oil Field Services, Inc. ("Mitchell's"), a provider of maintenance, installation and fabrication services in the oil-rich Bakken shale region for an initial consideration of $135m.
Further earn out payments due in the period to 2015 based on Mitchell's future performance may be payable. The acquisition is expected to be earnings enhancing from completion.
The transaction is subject to anti-trust approval in the US, with completion expected in the fourth quarter of 2012.
Mitchell's will operate within Wood Group PSN, and will complement the…