Express Energy Services Acquires Koda Rathole
Express Energy Services announced the acquisition of Koda Rathole which was made official on January 31, 2011. Koda Rathole, headquartered in North Richland Hills, Texas, provides the service of setting conductor pipe and drilling of the rat and mouse holes in preparation for the drilling of a new oil or gas well.
Koda Rathole's CEO Craig Rosengrants said, "We are very excited about partnering up with Express Energy Services and being able to better serve our clients now and in the future. We look forward to joining Express on their current road to success and we are confident that we will be able to enhance the growth that Express Energy Services has already experienced in becoming an industry leader as a rathole service provider."
Express Energy Services' CEO Darron Anderson said, "Koda Rathole brings to Express a wealth of highly skilled employees as well as a multitude of valuable assets. The combination of Express and Koda Rathole allows us to be one of the largest rathole service providers in the U.S. with operations in W. Texas, the Barnett Shale, Eagle Ford Shale and Marcellus Shale. In addition, we have an experienced management team in place and a solid platform to execute our planned growth strategy."