Select Energy Services Buys Out, Merges in Mud Masters Ohio
Select Energy Services (SES) continues to expand with mergers and acquisitions. Earlier this year, SES bought out and merged in Nuverra Environmental Solutions (formerly Heckmann) for $45 million (see Nuverra Environmental Stockholders Agree to Select Energy Deal). According to a letter SES sent to vendors of Mud Masters Ohio (the trade name for Armada EP OH, LLC), SES either already has, or is about to, close on a deal to buy Mud Masters as of August 1st. Details of the deal have not (so far) been disclosed.
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For the week of July 25-31, the three Marcellus/Utica states issued 24 permits to drill new shale wells, up from 16 the prior week. However, in a major turnaround, Pennsylvania only issued two new permits, one to Chesapeake Energy and the other to Olympus Energy. Ohio had the lion’s share of new permits, issuing 14. Eight of Ohio’s permits went to Encino Energy, and four to Utica Resources Operating. West Virginia issued eight new permits, with seven of them going to Antero Resources.
Last week Pennsylvania issued 21 permits to drill new shale wells. Most of the permits went to two well pads, one in Butler County drilled by PennEnergy Resources and the other in Tioga County drilled by Repsol. Ohio issued six new permits, three to Encino Energy, two to Utica Resource Operating, and one to Ascent Resources. West Virginia, for the second week in a row, issued just one new permit. Last week’s WV permit went to Tug Hill Operating in Marshall County.
On June 24, the operator of the SOS D-2 injection well in Cambridge, Ohio (Guernsey County) reported a small release from a pipeline that transfers fluid from a storage tank to the injection well. The well’s owner/operator, Silcor Oilfield Services Inc., immediately contained the leak (see
On June 24, the operator of the SOS D-2 injection well in Cambridge, Ohio (Guernsey County) reported a small release from a pipeline that transfers fluid from a storage tank to the injection well. The well’s owner/operator, Silcor Oilfield Services Inc., contained the leak. The Ohio Dept. of Natural Resources (ODNR) was alerted and is overseeing remediation of the affected area and repair of the line. End of story. Except…