FTS International (FTSI) has completed the acquisition of substantially all the assets of J-W Wireline Co. The close of this acquisition increases FTSI’s wireline capacity more than tenfold and extends wireline service to all locations where the company currently offers hydraulic fracturing services, including the Permian Basin; Eagle Ford, Marcellus, Utica, and Haynesville shale plays; and various mid-continent plays.
The acquisition of substantially all of the assets of J-W Wireline provides a national wireline footprint to FTSI’s North American well stimulation fleet, which has more than 1.6 million hydraulic horsepower. The acquisition includes approximately 70 active wireline units, related district operation locations, a manufacturing facility, and a training facility.
Wells Fargo Securities served as the exclusive financial advisor to J-W Energy on the transaction.