White Deer Energy acquires RockPile Energy Services

RockPile Energy Services LLC, a subsidiary of Triangle Petroleum Corp. (NYSE MKT: TPLM), has been acquired by White Deer Energy.

In a statement, the company said RockPile will move forward with a debt-free balance sheet and capital to pursue growth and noted that the transaction was concluded on an out of court basis and involved no form of bankruptcy.

PJT Partners and AlixPartners served as financial advisors to RockPile.  Skadden, Arps, Slate, Meagher & Flom served as legal advisor to RockPile and Locke Lord served as legal advisor to White Deer Energy.

RockPile Energy Services is a growth oriented oil services company providing engineered completions solutions to oil and gas exploration and production companies primarily in the Williston and Permian Basins. The company's service offerings include hydraulic fracturing, cased hole wireline, ancillary pump services, advanced completions logistics solutions, and workover rig services.

White Deer Energy is an energy private equity firm focused on the exploration and production, oilfield service and equipment manufacturing, and midstream sectors of the oil and gas industry. With $2.2 billion of capital commitments across two private equity funds, White Deer Energy is a long-term investor targeting equity investments of $50 to $150 million. The firm has offices in Houston and New York.

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