SPL acquires Caprock Laboratories

SPL Inc., a provider of laboratory analysis, measurement, and allocation services of hydrocarbon products for the oil and gas industry, has acquired Caprock Laboratories Inc.

SPL is a portfolio company of Hastings Equity Partners, a private equity firm focused on investing in lower middle-market energy services and equipment businesses. Hastings partnered with certain funds advised by Jordan/Zalaznick Advisers Inc. and The Edgewater Funds.

Based in Midland, Texas, Caprock provides hydrocarbon laboratory analysis and measurement services to oil and gas companies throughout the Permian Basin

Locke Lord LLP served as legal counsel to the shareholders of SPL during the transaction. 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...