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
"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.