Four become Nine in services merger

Merger: four companies combine to form Nine Energy Services

Four small North American oilfield services players are joining forces to form a larger entity that will support oil and gas activity in basins across the continent.

Northern States Completions, Tripoint, CDK Perforating and Integrated Production Services Canada are combining their resources to form Nine Energy Service, which will offer completion solutions and wireline services to the oil and gas industry.

The merged company has also already added a pair of acquisitions - Peak Pressure Control and Dak-Tana Wireline - as part of its plan to diversify through "organic growth".

Nine Energy Services will have operations in the Permian basin and other parts of Texas, the Bakken shale in North Dakota and Montana, and the Appalachian basin, home of the Marcellus and Utica shales, as well as in the states of Alaska, Oklahoma and Louisiana. It will also have a presence in Canada.

The company said in a statement that its name, "Nine", was chosen "to reflect its commitment to skillful planning and execution at the well site".

"The name 'Nine' represents our team's aspirations," said chief executive Paul Butero. "We recognise that perfection in the oilfield is impossible to achieve and that a nine out of 10 reflects superiority in the industry. Our name is a reminder of our commitment to provide the best."

He added: "The team that formed Nine has a long history of delivering quality service and executing flawlessly at the well site."

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