Superior Well Services, Inc. announced that it entered into a definitive asset purchase agreement to acquire certain oilfield service assets from Diamondback Holdings, LLC, a privately-owned company. Pursuant to the terms of the agreement, Superior will acquire Diamondback’s pressure pumping, fluid logistics and completion, production and rental tools business lines for $270.0 million in cash, [...]

Oilfield services provider Superior Well Services Inc told the press on friday that the company has bought Nuex Wireline Inc. for about $6 million in cash.
Nuex specializes in cased-hole completion, which involves preparing a path for oil to flow from surrounding rock into production tubing for extraction.
The assets include 5 cased hole trucks, various tools [...]

Superior Well Services, Inc told the press about the latest news saying that it purchased substantially all of the operating assets of Nuex Wireline, Inc. (”Nuex”) for approximately $6.0 million in cash. Nuex provides cased hole completion services. The operating assets include 5 cased hole trucks and various tools and logging systems that are compatible [...]