News - Expanding into the Haynesville
Select now owns seven well product and services subsidiaries.
Select Energy Services, LLC ("Select"), a Gainesville, Texas holding company for wellsite applications support and products companies, announced the acquisition of C&S Service and Supply, LLC and PenRob Well Service Company, LLC both of Jonesville, Texas. The two companies add a combined $75 million in annual revenue to Select.
C&S Service and Supply, which will be re-branded as Select Tank Trucks, and PenRob Well Service add water and brine hauling services, wellsite construction, pipeline construction, roustabout, well servicing, supply store and frac tank rental services to Select's product and service portfolio. The two companies give Select a leading presence in the heart of the Haynesville Shale, a geologic formation spanning from northwest Louisiana through east Texas and representing one of the largest gas fields in the world. In addition to its presence in the Haynesville Shale, Select provides oil and gas applications support to customers in all of the major unconventional US plays including the Barnett, Fayetteville, Woodford and Marcellus Shale basins.
"Select Energy provides comprehensive support solutions for wellsite applications that help our oil and gas customers operate as efficiently and economically as possible," said John Schmitz, CEO for Select Energy Services. "The acquisition of these two respected companies adds to our ability to provide customers with seamless, customized, and comprehensive solutions in one of the worlds most promising natural gas basins."
C&S and PenRob also bring a preferred vendor relationship with Exco Resources, a major independent oil and gas exploration and production company, that will be expanded with the addition of other Select products and services. Exco recently announced that it has sold a 50 percent joint venture interest in its Haynesville acreage to BG Group (British Gas) for more than $1 billion, allowing Exco to significantly accelerate the company's development plans.
About Select Energy Services
Select Energy is the parent company of a family of subsidiary businesses specializing in
comprehensive support solutions and products for wellsite applications in the oil and gas
industry. Select Energy's companies include Bell Supply Company, Impact Energy Services,
Peak Oilfield Services, Price Pipeline Construction, Tejas Oilfield Service, and now C&S
Service and Supply and PenRob Well Service Company.
