Production Enhancement Inc. acquires Wireline Specialists of Louisiana Inc.
March 05, 2007
7.50 Billion USD
On March 5, 2007, Production Enhancement Group, Inc. acquired Wireline Specialists of Louisiana, Inc. WSL is a private well services company with 21 offshore wireline units, 8 land wireline units, and service locations in Louisiana and Texas. WSL becomes an operating division of WISE* Well Intervention Services, Inc., PEG’s operating subsidiary. The acquisition increases the number of WISE service locations from four to seven and opens three new geographic markets and adds wireline capabilities to PEG's services portfolio, making the company a full-line well intervention company.
McCarthy Tétrault acted as Canadian counsel to Production Enhancement Group with a team that was led by Arthur Crispin, Andrew Grasby, and Daniel Sears.