Stallion Acquires North Dakota-Based Drilling Support Company
Stallion acquired the assets of GL Trucking & Rental, Inc. in Williston, North Dakota. GL has been a leading provider of integrated drilling support services for the Williston Basin and surrounding areas. Assets include over 100 rig housing units, significant rig hauling capacity, loaders and equipment setting cranes.
The North Dakota acquisition extends Stallion's current geographic footprint in the Rocky Mountains where Stallion operates from Riverton, Wyoming, and serves the Wyoming, Colorado and Utah areas. Additionally, the Company recently opened a new service location in Rifle, Colorado, to strengthen its service capability in the Piceance Basin.
Craig Johnson, Stallion's CEO, commented, "We are continuing to expand our products and services through a combination of acquisitions and capital investment in new equipment throughout the Rocky Mountains to satisfy our customers' growing needs. With locations from Alice, Texas, to Williston, North Dakota, we continue to enhance our ability to service our customers across the major basins of the lower 48."
Stallion's goal is to become the leading drilling support services provider in the areas in which it operates and is targeting major basins of the United States. The Company now provides services in the Gulf Coast, South Texas, ArkLaTex, Ft. Worth Basin, Permian Basin, Anadarko Basin of Western Oklahoma, Rocky Mountains and Williston Basin.
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