Press Releases

Wilcox Swartzwelder & Co. Announces the Sale of Henderson & Erickson’s Salt Water Disposal Well Assets to On Point Oilfield Holdings

Jan 24, 17 • Press Releases

IRVING, TX, January 25, 2017 – Wilcox Swartzwelder & Co, LLC, a boutique investment bank focused on assisting middle market energy, industrial, manufacturing and distribution companies, is pleased to announce the sale of Henderson & Erickson’s (“H&E”) salt water disposal well assets to On Point Oilfield Holdings, LLC, (“On Point”), a portfolio company of White Deer Energy (“White Deer”).

H&E developed and operated multiple high-quality, high capacity strategically located Class II licensed salt water disposal well facilities in the Permian Basin. The H&E team will remain as operating consultants to On Point.  H&E commenced its salt water disposal well operations in 2011 and is headquartered in Midland, Texas.

“Wilcox Swartzwelder did an excellent job. This was a lengthy and complex transaction with a myriad of twists and turns.  Not to mention poor oil and gas industry conditions. I am pleased with the outcome and the very favorable terms. Over a three year period, they provided senior-level support, in-depth industry knowledge, creativity, professionalism and solutions. We couldn’t have done it without them.” said Mr. Curt Henderson, Principal of H&E.

Read Full Press Release: Wilcox Swartzwelder & Co. Announces Sale of Henderson & Erickson’s Salt Water Disposal Well Assets to On Point Oilfield Holdings (PDF)

 

 

Low Oil Prices Will Be Here A While – Feature in Midland Reporter-Telegram

Feb 12, 15 • Press Releases

We were recently interviewed in the Midland Reporter-Telegram, featuring our presentation at the Petroleum Club. We discuss the outlook for the next two years (expect oil prices to remain low), various uncertainties, the foreign producer Black Swans, and more. Click here to read the full article.

 

 

 

Wilcox Swartzwelder & Co. Announces the Sale of AggieTech Operating to Oilfield Water Logistics

Jul 18, 14 • Press Releases

IRVING, TX, July 15, 2014 – Wilcox Swartzwelder & Co, LLC, a boutique investment bank focused on assisting middle market companies exclusively in the energy sector, is pleased to announce the sale of the salt water disposal well assets of AggieTech Operating, LLC and its affiliates (“AggieTech” or the “Company”) to Oilfield Water Logistics, LLC  (“OWL”).

AggieTech developed and operated seven high-quality, high capacity strategically located Class II licensed salt water disposal well facilities in the Permian Basin. The AggieTech team will become part of the OWL family and will be responsible for OWL’s Permian Basin operations. AggieTech was founded in 2012 and is headquartered in Midland, Texas

Read Full Press Release: AggieTech Press Release (PDF)

MRC Global Inc. Completes Acquisition of Production Specialty Services

Jan 2, 13 • Press Releases

HOUSTON, Jan. 2, 2013 — MRC Global Inc. announced today that the company’s U.S. operating subsidiary, McJunkin Red Man Corporation, has completed the previously announced acquisition of the operating assets of Production Specialty Services, Inc.

Headquartered in Midland, Texas and established in 1990, Production Specialty Services adds 18 service locations, including one distribution center, in the Permian Basin and Eagle Ford shale regions of Texas and New Mexico to MRC’s current location network.

Read Full Story: MRC Global Completes Acquisition

Wilcox Swartzwelder & Co. Announces the Sale of Production Specialty Services to MRC Global

Nov 30, 12 • Press Releases

IRVING, TX, November 30, 2012 – Wilcox Swartzwelder & Co, LLC, a boutique investment bank focused on assisting middle market companies exclusively in the energy, industrial and infrastructure sector, is pleased to announce the sale of Production Specialty Services, LLC to MRC Global, Inc. (McJunkin Red Man Corporation).

Operating from its 17 supply stores located throughout West Texas, Southeastern New Mexico and its centrally located distribution center, PSS is one of the largest distributors of oilfield pipe, valves, fittings and other general supplies in the broader Permian Basin. PSS was founded in 1990 and is headquartered in Midland, Texas.

Read Full Press Release: WS Press Release: PSS (PDF)

Related Story: MRC Global Inc. To Acquire Production Specialty Services

Wilcox Swartzwelder & Co. Announces the Sale of Blue Magic to Technical Chemical Company

Nov 6, 12 • Press Releases

IRVING, TX, November 6, 2012 – Wilcox Swartzwelder & Co, LLC, a boutique investment bank focused on assisting middle market companies exclusively in the energy, industrial and infrastructure sector, is pleased to announce the sale of Blue Magic, Inc. to Technical Chemical Company.

Blue Magic, based in Conroe, Texas, is a world‐class marketer and manufacturer of specialty aftermarket automotive and consumer products throughout North American and international markets. The Company sells branded and private label products through most leading mass merchandise, automotive aftermarket, and drug & grocery retailers. Blue Magic’s leading automotive products include items sold under the Blue Magic, Pure Citrus, and CarGo brand names as well as QuikSteel, Seal Up, and Turbo 108 products.

Read Full Press Release: WS Press Release: Blue Magic (PDF)

Wilcox Swartzwelder & Co. Announces the Management Buyout and Recapitalization of San Isidro Development Company, L.C.

Aug 20, 12 • Press Releases

IRVING, TX, August 20, 2012 – Wilcox Swartzwelder & Co, LLC, a boutique investment bank focused on assisting middle market companies exclusively in the energy, industrial and infrastructure sector, is pleased to announce the management buyout and recapitalization of San Isidro Development Company L.C.

San Isidro Development Company, L.C. is engaged in the acquisition, exploration, exploitation, development and production of onshore oil and natural gas production. San Isidro’s operations are located in South Texas, including the unconventional Eagle Ford Shale, and conventional Texas Gulf Coast regions. The Company also has a leasehold interest in Montana (Bakken).

Read Full Press Release: WS Press Release: San Isidro (PDF)

Basic Energy Services Announces the Acquisition of the Operating Assets of Surface Stac, Inc.

Jun 15, 12 • Press Releases

During May, we purchased the operating assets of Surface Stac, Inc. (“Surface Stac”), a provider of surface well control rental equipment, for $27.9 million. Surface Stac has well-established positions in the Permian Basin and the Eagle Ford and Barnett shale operating areas and provides an extension of our capabilities into the frac related rental equipment and potential vertical integration with our pumping services. We expect this acquisition to contribute annualized revenue and EBITDA of approximately $13 million and $6 million respectively within our Completion and Remedial Services segment.

Read Full Article: Basic Energy Services Reports May 2012

Wilcox Swartzwelder & Co. Announces the Majority Recapitalization of Portal Service Company with Saybrook Capital and Silver Peak Partners

Jun 8, 12 • Press Releases

IRVING, TX, June 8, 2012 – Wilcox Swartzwelder & Co, LLC, a boutique investment bank focused on assisting middle market companies exclusively in the energy, industrial and infrastructure sector, is pleased to announce the majority recapitalization of Portal Service Company, Inc. (“Portal” or the “Company”) with Saybrook Capital and Silver Peak Partners.

Portal, based in Lignite, North Dakota, is the leading single source provider of oilfield, energy infrastructure and heavy civil construction and maintenance services in the northern Williston Basin, including the prolific Bakken region. Over its 48-year history of operations, Portal has built a strong reputation as a customer’s “one-call”, single source solution provider offering services across a wide spectrum of a well’s lifecycle, deep experience and high quality customer service. Portal is also an exclusive distributor in the United States of HG Pumping Units (pumpjacks), which are more economical and energy efficient than competitive products.

Read Full Press Release: WS Press Release: Portal

Wilcox Swartzwelder & Co. Announces the Sale of Surface Stac to Basic Energy Services

Jun 4, 12 • Press Releases

IRVING, TX, June 4, 2012 – Wilcox Swartzwelder & Co, LLC, a boutique investment bank focused on assisting middle market companies exclusively in the energy, industrial and infrastructure sector, is pleased to announce the sale of Surface Stac, Inc. to Basic Energy Services, L.P.

Surface Stac, based in Midland, Texas, is a leading provider of surface well control rental equipment (frac stacks) used during oil and gas well stimulation and completion processes. Since its inception in 2006, Surface Stac has rapidly expanded from its original operation in West Texas to the North Texas and South Texas markets. The Company’s rental inventory consists of a broad range of high-quality wellhead control equipment, which can adapt to virtually any configuration. Surface Stac’s equipment plays a vital role in controlling well surface pressure and the elimination of fluids and materials from the wellbore during hydraulic frac stimulation operations.

Read Full Press Release: WS Press Release: Surface Stac

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