NexTier Oilfield Solutions (NEX) Misses Q2 EPS by 4c
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NexTier Oilfield Solutions (NEX) Acquires Alamo Pressure Pumping for $268M
August 4, 2021 4:16 PM EDTNexTier Oilfield Solutions Inc. (NYSE: NEX) ("NexTier" or the "Company") today announced that it has reached an agreement to acquire 100% of the ownership interests of Alamo Pressure Pumping, LLC ("Alamo") for a transaction valuation of approximately $268 million, as further described below. The transaction is expected to be completed by August 31, 2021, subject to customary closing conditions and approvals.
Consolidating 2 leading providers of low carbon well completion solutions in the Permian Basin
Adds 9 highly utilized, primarily CAT Tier IV, young hydraulic fracturing fleets to NexTier's asset baseFortifies NexTier... More