Axis Merges with Brigade to Form #1 U.S. Well Services Co.

Two oilfield services companies---Axis Energy Services LLC and Brigade Energy Services LLC---jointly announced the closing of an agreement to merge and form the nation's largest well servicing company. The new company will retain the Axis Energy name and will remain headquartered in Dallas, TX. According to Axis, the transaction creates the nation's leading company for completion services, workover solutions, and plug and abandonment operations. The newly combined company boasts more than 1,700 employees and 200 active and marketable workover rigs---the largest single fleet in the industry. The company has a "strong presence" in the Marcellus/Utica.

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