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Deal snapshot: QUINTANA ENERGY SERVICES, ARCHER'S NORTH AMERICAN WELL SERVICES ENTITIES TO MERGE.

MANews-(C)2009-2015

US-based private equity firm Quintana Energy Partners, L.P.'s Quintana Energy Services LP drilling unit and Norwegian oilfield service company Archer Ltd.'s (OSLO: ARCHE) Archer Well Co. Inc. subsidiary have inked a definitive agreement under which AWC will contribute all outstanding shares of Archer Pressure Pumping LLC, Archer Directional Drilling Services LLC, Archer Wireline LLC and Great White Pressure Control LLC to QES in exchange for equity in QES, the companies said.

QES operates in the US onshore oilfield services industry through its subsidiaries, directional drilling company and consolidated oil well services the directional drilling and completion services business units of QES, respectively.

Country: Norway

Sector: Petroleum/Natural Gas/Coal

Target: Archer Pressure Pumping LLC, Archer Directional Drilling Services LLC, Archer Wireline LLC and Great White Pressure Control LLC

Buyer: Quintana Energy Services LP

Vendor: Archer Ltd

Deal size in USD: 1.1bn

Type: Corporate Acquisition

Financing: Stock

Status: Agreed

Buyer advisor: , ,

Comment:

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Publication:M & A Navigator
Date:Nov 24, 2015
Words:158
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