Monday, October 10, 2011

Superior Energy Services Acquires Complete Production Services

Link here.
The deal will create a new formidable competitor to the Big Four oil service providers : Schlumberger , Halliburton , Baker Hughes and Weatherford.

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.
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.

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