Nine Energy Eyes Bigger North American Completions Market with Magnum Oil Takeover

摘要

Houston-based Nine Energy Service Inc. has a definitive agreement on the table to acquire Magnum Oil Tools International Ltd. for $493 million in cash and stock, a merger designed to expand its completions offerings in North America’s onshore and beyond. Nine operates in the Permian Basin, Midcontinent, Rockies and Appalachia, across the Eagle Ford, Barnett and Bakken shales and throughout Canada. Its operating companies include Northern States Completions, CDK Perforating, Integrated Production Services Canada, Peak Pressure Control, Dak-Tana Wireline, Crest Pumping Technologies, G8 Oiltool and Beckman Production Services.