Houston-based blank-check co. to form oil field services company in $1B deal

National Energy Services Reunited Corp. (Nasdaq: NESR), a blank-check company led by a former Schlumberger executive, will combine with two other companies for a total purchase price of about $1.1 billion.

NESR is acquiring Gulf Energy SAOC and National Petroleum Services, regional oil field services companies offering drilling, completion and production services and equipment in the Middle East and North Africa region and Asia Pacific region. The deal is expected to close by the end of the year,…

Original published: 2017-11-13 08:11:37 Read the full Houston News here

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