Flint Energy has acquired assets worth $36m including property and equipment in five locations in the US, with three in East Texas, one in Louisiana and one in Oklahoma.
The acquisition enables Flint to expand its presence into the country’s busy shale gas fields.
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The assets, which include 450 pieces of equipment, will become one of the largest oilfield haulers in the US shale basin.
In addition, the purchase will provide equipment, personnel and management for a new location being developed by Flint to provide oilfield hauling services in the active Bakken shale oil play in North Dakota.
This brings Flint’s US Oilfield Services’ total locations to eight.
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By GlobalData
