Bakken Companies -- Wylie Bice and RM -- Acquired by Quality Distribution -- North Dakota, USA

Link here. Big "thank you" to a reader for sending me the link.

Quality Distribution, Inc. today announced that certain of its wholly-owned subsidiaries have entered into definitive agreements to acquire the operating assets of Wylie Bice Trucking, LLC, and the operating assets and rights of RM Resources, LLC, for an aggregate purchase price of $79.3 million, plus potential additional consideration of $19.0 million, if certain future operating and financial performance criteria are satisfied. The transactions are expected to close by the end of the second quarter, subject to customary closing conditions.

Headquartered in Killdeer, ND, Bice is a leading provider of transportation services to the unconventional oil and gas industry within the Bakken shale region, primarily hauling fresh water, flowback and production water, and oil for numerous energy customers. The flowback and production water Bice hauls is primarily disposed of utilizing four existing salt water injection wells owned and operated by RM.

"The Bice and RM operations are top-tier transportation and disposal well providers in the fast growing Bakken shale region, and we are confident that we can build on their already solid platform. This transaction also supports our strategy to broaden our reach into key oil-rich shales. When we combine this Bakken acquisition with our existing Eagle Ford shale presence, Quality's energy logistics business will be more diversified and balanced between oil producing fields and our predominantly gas producing presence in the Marcellus shale."

Part of the North Dakota to Texas renaissance zone. Hoo-ah.