Pelican Energy Partners sells Downhole Technology to Schoeller Bleckmann

Pelican Energy Partners has confirmed the sale of Downhole Technology LLC to Schoeller Bleckmann Oilfield Equipment on April 1 in a transaction representing an enterprise value of $152 million. 

Pelican sold all of its equity holdings in the company; however, the management team retained the majority of its equity holdings and will continue with the business as partners with Schoeller Bleckmann.  Downhole will immediately begin operations within the Schoeller Bleckmann family of energy service companies.

Pelican Energy Partners is a Houston-based private equity firm specializing in the energy service business. Downhole Technology is a Houston-based manufacturer of composite downhole drillable plugs used in well fracking operations.

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 ...