Greene’s Energy Group, LLC (GEG), a provider of integrated testing, rentals and specialty services, has acquired Testco Well Services LLC(Testco), a provider of well testing, pressure testing and lab services in the Central, South and West Texas markets.
Testco Well ServicesTestco, headquartered in Laredo, Texas, was established in 2008 with a focus in pressure testing and began its well testing business in October 2010. In August 2012, Testco purchased its sister company, the current lab services business.
The combined company of Greene’s Well Testing and Testco Well Services will have five locations in Texas serving the Eagle Ford in Laredo, Alice, Pleasanton, Floresville and Cotulla. The businesses will also have locations in Odessa, Texas, covering the Permian Basin and also in Imperial, Pa., covering the Marcellus and Utica basins.
"This acquisition moves Greene’s forward in our strategy to strengthen our completion and intervention services portfolio,” said Greene’s CEO Bob Vilyus. "We offer a cohesive group of completion services under the Greene’s and Guardian banners. We will continue to grow these services into many of our 41 locations throughout the US.”
Martin Aguirre will remain as the general manager of Testco and will report to Randy Winters, vice president and general manager of Greene’s Well Testing. Aguirre has more than 30 years of oilfield experience.