Blackeagle Energy Services acquires Brazos Rock's Permian assets

Source: Blackeagle Energy Services

Blackeagle Energy Services announced it has acquired certain Permian Basin assets from Brazos Rock, Inc., a leading provider of oil & gas construction services in Texas.

Blackeagle Energy Services, a leading provider of energy-related construction and maintenance services, announced today it has acquired certain Permian Basin assets from Brazos Rock, Inc., a leading provider of oil & gas construction services in Texas. 

"The transaction announced today increases our footprint and strengthens our existing Texas operations. What's more, it allows us to better serve our existing customers and puts us at the epicenter of the nation's largest oil producing region," said Rick Barrett, Blackeagle's president and CEO.

Brazos Rock, based in Weatherford Texas, is a well-established contractor with a solid reputation for quality and safety. "I have known Rick and Blackeagle for a long time and have appreciated the similarities between our two businesses.  When it came time for us to consider strategic alternatives, I knew there would be no one better to work with than Blackeagle," said Chad Chester, CEO of Brazos Rock.

The terms of the deal remain private except for the public announcement that Blackeagle will employee Brazos Rock's former employees and occupy the company's building and yard in Midland, Texas.

"By establishing a leading presence in the region, at what is widely considered the bottom of the cycle, Blackeagle is well positioned for future growth," Barrett added.

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

Whitepapers

Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

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

Latest Energy Jobs

View more Job Listings >>

Archived Articles

PennEnergy Articles
2008 | 2009 | 2010 | 2011 | 2012 | 2013

OGJ Articles
2011 | 2012 | 2013

OGFJ Articles
2011 | 2012 | 2013

Power Engineering Articles
2011 | 2012 | 2013

Power Engineering Intl Articles
2011 | 2012 | 2013

Utility Products Articles
2011 | 2012 | 2013

HydroWorld Articles
2011 | 2012 | 2013

COSPP Articles
2011 | 2012 | 2013

ELP Articles
2011 | 2012 | 2013