For LTR, Opportunity Strikes Twice -- LTR Strengthens Position in the Bakken With Acquisition

Link here to mywesttexas.com. Thank you to Don. "My West Texas" is out of Midland.

For newbies: Midland and Odessa are about 40 miles apart. Williston and Watford City are about 50 miles apart. The Texas cities are connected by an interstate. It's just a matter of time (this year?) that the North Dakota cities will be connected by a four-lane divided highway.

Now back to the story.

Back on December 18, 2012, the MDW happened to link an article about LTR relocating, expanding in Dickinson.

Now the story (first link above) -- it looks like LTR announced two acquisitions in same press release:

Light Tower Rentals (LTR) has finalized an alliance with Wellsite Leasing and On Site Water.

This acquisition strengthens LTR's position in the Bakken Shale oilfield equipment rental market, enhancing the company's continued growth and performance. LTR is a privately held oilfield services company that provides generators, light towers, frac tanks and other equipment. LTR currently has 16 locations in nine states with headquarters in Odessa.

Wellsite Leasing is a privately held oilfield equipment company that provides light towers, heaters, trailers and other equipment. Wellsite Leasing operates in three locations in North Dakota with its headquarters in Dickinson, N.D.

On Site Water is a privately held company that supplies water management services to the oilfield including pumps and reeled pipe used in water transfer. On Site Water operates in two North Dakota locations with its headquarters in Dickinson, N.D

LTR started out in Odessa back in 1994.