IronGate Energy Services, a provider of rental and tubular services to oil and natural gas exploration and production operators in North America, has acquired Green Light Energy Services, a provider of rental services to exploration and production operators in the Williston Basin of North Dakota.
Green Light’s rental services provide work string components and also pressure control, completion, and production related equipment and services. The acquisition expands IronGate’s geographic footprint by providing immediate entry into the Williston Basin, the second largest oil producing region in the US, and expands the company’s work string rental and completions related business. IronGate was acquired by Clearlake Capital Group in the second quarter of 2013.
IronGate has also announced that industry veteran David Mannon has joined the company’s board of directors. Mannon has more than 30 years of experience in the US and international oil and gas industry, most recently as president, CEO, and a director of Parker Drilling Co. (NYSE: PKD). Prior to that, he was president of Triton Engineering Services Co., a subsidiary of Noble Corp. (NYSE: NE), which he joined in 1988 as a drilling engineer. Mannon began his career at SEDCO-FOREX. He holds a Bachelor of Science degree in civil engineering from Southern Methodist University, and a Master of Business Administration degree from the University of Houston.