The deal will create a new formidable competitor to the Big Four oil service providers : Schlumberger , Halliburton , Baker Hughes and Weatherford.And to think I just posted this note last Friday, about mergers and acquisitions. Smile. Whether it can be considered a big deal or not is in the eye of the beholder. Complete Production Services has operations in North Dakota.
Superior Energy Services Inc has agreed to buy Complete Production Services Inc in a cash-and-stock deal valued at $2.7 billion, creating an entity that could expand its footprint in the oil-field services sector.
Monday, October 10, 2011
Superior Energy Services Acquires Complete Production Services
Link here.
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