Press Esc to close

WorldOil

World Oil News Center



Wood Group acquires Mitchell' s Oil Field Services

HOUSTON -- Wood Group has agreed to acquire Mitchell' s Oil Field Services, Inc., a provider of maintenance, installation and fabrication services in the oil-rich Bakken shale region for an initial consideration of $135 million.

Further earn out payments due in the period to 2015 based on Mitchell' s future performance may be payable. The acquisition is expected to be earnings enhancing from completion.

The transaction is subject to anti-trust approval in the US, with completion expected in the fourth quarter of 2012.

Mitchell' s will operate within Wood Group PSN, and will complement the division' s existing operations & maintenance, construction supervision and survey services in the region. Mitchell' s will continue to be led by the existing management team.

09/21/2012

 

Bookmark and Share


WO DATA HUB

EngineeringTablesIcon-Large

Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.

WO SUPPLEMENTS

2013 Fracturing Technology

2013 Fracturing Technology

MEDIA CENTER

By Digital Publisher

Drill Bit Classifier World Oil published its renowned Drill Bit Classifier in September 2013. The Drill Bit Classifier is a comprehensive listing of major manufacturers' d...

ENERGY EVENTS