Denver, CO (January 12, 2016) – White Deer Energy L.P. II (“White Deer”), together with MBH Energy Resources LLC (“MBHER”), has made an equity commitment to establish Patriot Well Solutions LLC (“Patriot”).
Patriot will provide a comprehensive suite of wireline services to its customers, including well perforation, logging and well evaluation, fishing and other maintenance services. Headquartered in Denver, Colorado, the company will initially be focused in the Rocky Mountain region, and over time will expand to serve other basins across the U.S.
Patriot has state-of-the-art, high-quality wireline units that come equipped with all of the required critical equipment to increase service quality and improve safety, while being able to address the needs of increasingly complex well completions. The company has both an organic and acquisition driven growth strategy. Patriot’s experienced management team is led by Dragan Cicvaric.
“I am excited to partner with both an outstanding investment group and operations team to develop Patriot into a first class oilfield service company. Our focus is on formulating our business to deliver superior performance and value for our customers while growing Patriot in a structured and systematic manner”, commented Dragan Cicvaric.
Patriot will be strongly capitalized with financial backing from White Deer and MBHER, which will allow the company to build a leading wireline service operation.
Jim Meneely, a partner of White Deer, added:
“While oilfield service markets remain challenged, we believe now is the right time to back a proven leader in building a best-in-class cased hole wireline operation with state-of-the-art equipment. In addition, White Deer is excited about partnering with MBHER given their proven track record of building companies from the ground up, strong relationships throughout the Rockies and valuable technical expertise in the energy services space.”