Denver, CO (June 14, 2016) – Patriot Well Solutions Announces Coiled Tubing Asset Agreement
Patriot Well Solutions LLC (“Patriot”) is pleased to announced the addition of Coiled Tubing and Nitrogen services to its portfolio and the expansion of its presence in Williston and DJ basins. As separately announced, Liberty Oilfield Services completed its acquisition of Sanjel Corporation’s US assets and subsequently entered into an arrangement whereby Patriot will control and operate the coiled tubing assets. Patriot will ensure continued outstanding delivery coiled tubing services with existing personnel and equipment from operating bases in Fort Lupton, CO and Williston, ND
Patriot and its equity partners possess substantial experience in oilfield services and have current Cased Hole Wireline, Slickline and Pressure Control capabilities in the Rocky Mountains, with plans to grow operational bases throughout the major US oil and gas basins. Patriot is owned by White Deer Energy (“WDE”), MBH Energy Resources LLC (“MBHER”) and management. WDE is a private equity firm with over $2.2 billion under management with a diverse portfolio of E&P, midstream and service based oil and gas investments. MBHER is an operationally focused investment company specializing in oilfield service and E&P investments.
Patriot will be strongly capitalized which will allow the company to deliver superior performance and value for our customers. The company will provide modern fit-for-purpose equipment and experienced personnel to safely deliver Coiled Tubing, Nitrogen, Wireline, Slickline, Pumping, Pressure Control and Crane services.