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Serving the oilfield service sector with news, analysis and business opportunities.

PLS publishes news and analysis on the oilfield service sector through its OFS module. The gold banner report, published every 3 to 4 weeks, covers the active sector with news and analysis on drilling, completions, field operations and technology.

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  • Published every 3 weeks; 17+ issues per year
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News Date
Dover spins off artificial lift maker Apergy in $3B deal
Shares of newly independent services company Apergy Corp. rose 13% on May 9, its first day of trading on the NYSE, giving it a market value about $3.2 billion. Apergy is the result of the industrial...
May 09, 2018
Analyst Takes - May 09, 2018
CSI Compressco (NASDAQ:CCLP; May 7 – $7.32; Outperform)CSI Compressco missed slightly on adjusted EBITDA primarily due to lower than expected pricing in compression and a greater mix shift...
May 09, 2018
Companies expect to shake off choppy start to 2018
Most companies in the sector reported their Q1 results this cycle and many showed a rocky start to the year. Companies also reported strong activity exiting the quarter, suggesting the issues were...
May 09, 2018
Drilling Tools International buys Premium Rental Tools
Drilling Tools International acquired Premium Rental Tools, the drill pipe rental division of Premium Oilfield Services, for an undisclosed amount. Louisiana-based Premium Rental Tools rents drill...
May 09, 2018
Archrock finishes acquisition of Archrock Partners
Archrock completed the rollup of its master limited partnership by acquiring all 41 million outstanding common units of Archrock Partners. More than 57 million shares of Archrock common stock were...
May 09, 2018
Borr pares down fleet by selling 14 Paragon jackups
Borr Drilling sold 14 old jackups to a non-drilling company to complete the rationalization of its Paragon Offshore acquisition. The company expects the disposal to contribute up to $16 million in...
May 09, 2018
Gibson completes sale of US services businesses
Gibson Energy closed the sale of its US energy services businesses to private equity firm One Equity Partners. The disposition was completed through two separate transactions for aggregate gross...
May 09, 2018
KCA Deutag completes acquisition of Omani & Saudi land rigs
KCA Deutag completed the $660 million acquisition of the Omani and Saudi Arabian businesses of Dalma Energy. The deal makes KCAD the second-largest international owners and operators of drilling rigs...
May 09, 2018
Pro expands well services footprint with 2 acquisitions
Houston-based Pro Oil & Gas Services acquired two companies that offer services in the Permian Basin companies for undisclosed amounts. Elite Production Services provides flowback and well...
May 09, 2018
People Briefs - May 09, 2018
Wellsite services provider Enservco Corp. announced that Austin Peitz, cofounder and SVP of field operations, left the company on April 27 after 20 years. Denver-based Enservco has begun a search for...
May 09, 2018

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