Gulf Oil and Gas accountACCOUNT

Halliburton Enters into Agreement to Buy Multi-Chem

Source: www.gulfoilandgas.com 9/6/2011, Location: North America

Share |
Halliburton has entered into a definitive agreement to acquire Multi-Chem Group, LLC (Multi-Chem). Founded in 1993, Multi-Chem is a leading provider of oilfield production and completion chemicals and services that address production, processing and transportation challenges. The company has provided chemicals and services to over 30,000 producing oil and natural gas wells across North America.

"Today’s increasingly complicated reservoirs and their diverse, multi-phase flow regimes demand a comprehensive approach to production optimization.” said Marc Edwards, senior vice president of Halliburton Completion and Production Division. "Integrating fracture stimulation design with life-of-well chemistry solutions will enable our customers to optimize reservoir management and positively impact production decline curves.”

James Archer, President and CEO of Multi-Chem, further commented “The combination of Multi-Chem and Halliburton creates exciting possibilities for our customers and employees. There are tremendous opportunities to capitalize on Halliburton's deep customer relationships and international presence to accelerate Multi-Chem’s growth."

The acquisition is subject to regulatory approvals and other customary closing conditions. The parties expect to obtain all required regulatory clearances during the fourth quarter of 2011.

Acquisitions and Divestitures News in United States >>

Egypt >>  12/2/2016 - Apex International Energy, an independent oil and gas exploration and production company focused on Egypt, is pleased to announce that it has been awa...
Egypt >>  12/2/2016 - Egypt has accepted six bids for oil and gas exploration worth a total investment of up to $200 million, the Ministry of Petroleum said. ...

Australia >>  12/1/2016 - Melbana Energy, formerly known as MEO Australia, has been notified by the National Offshore Petroleum Titles Administrator ('NOPTA') of the approval o...
Peru >>  12/1/2016 - GeoPark Limited (GPRK) announced it has obtained final regulatory approval for its acquisition of the Morona Block in Peru. ...

Canada >>  11/30/2016 - Northern Petroleum, the AIM quoted oil company focusing on production led growth, has agreed to divest interests in its assets, as detailed below, to ...
Trinidad and Tobago >>  11/30/2016 - Centrica plc has agreed to sell its entire portfolio of gas assets in Trinidad and Tobago to Shell Exploration and Production for an initial cash cons...

Related Categories: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 

Related Articles: Accounting, Statistics  Acquisitions and Divestitures  Asset Portfolio Management  Economics/Financial Analysis  General  Insurance  Investment  Mergers and Acquisitions  Risk Management 


United States Oil & Gas 1 >>  2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | 13 | 14 | 15 | 16 | 17 | 18 | 19 | 20 | 21 | 22 | 23 | 24 | 25 | 26 | 27 | 28 | 29 | 30 | 31 | 32 | 33 | 34 | 35 | 36 | 37 | 38 | 39 | 40 | 41 | 42 | 43 | 44 | 45 | 46 | 47 | 48 | 49 | 50 | 51 | 52 | 53 | 54 | 55 | 56 | 57 | 58 |

More News

 

Oil & Gas Companies in United States >>


Related Links

CA US
Gulf Oil and Gas
Copyright © Universal Solutions All rights reserved. - Privacy Policy.