Integrated Production Services Acquires MGM Well Services

Integrated Production Services, Inc. has acquired MGM Well Service, Inc. of Corpus Christi, Texas. MGM is a leading well deliquification company that invented and developed the Pacemaker Plunger. The patented, proprietary design of the Pacemaker Plunger allows it to fall against flow, minimizing well shut-in time, which enables it to operate effectively even in wells with on-site compression, wells with low bottom hole pressures and wells with packers.

In addition to acquiring the Pacemaker product, IPS also gains the leadership, expertise and service capabilities of MGM. Mike Wells, the inventor of the Pacemaker and Principle of MGM joins IPS as Vice President of IPS' Production Optimization Services where he will work to grow IPS' leading optimization business which provides customers with solutions to address declining production.

In addition to acquiring MGM, IPS has entered into a joint venture with Premier Production Solutions Ltd., MGM's exclusive distributor for Pacemaker products in Canada. Through the joint venture, IPS will combine the assets and expertise of its Canadian Production Optimization Services business with Premier, creating Canada's leading optimization service business.