PITTSBURGH MRC Global Inc. has completed its acquisition of Production Specialty Services Inc., the company said Wednesday. The financial terms of the deal were not disclosed.
Houston-based MRC and Midland, Texas-based Production Specialty Services said when the deal was announced in November that a primary goal of the tie-up was to boost services to customers operating in the Permian Basin and Eagle Ford shale (amm.com, Nov. 30).
The Permian Basin, which underlies much of west Texas and parts of southeastern New Mexico, has long been a source of oil in a region that accounts for most of the drilling activity in the United States. The Eagle Ford shale, which also contains oil, is located in southern Texas.
"I look forward to combining our strengths to better serve our customers in the Permian Basin and Eagle Ford shale," MRC chairman, president and chief executive officer Andrew R. Lane said in a statement.