Baker Hughes Drilling Fluids Purchases Assets of North East Mud Services Co
Baker Hughes Drilling Fluids has expanded its geographic position into the northeast U.S. market by purchasing the assets of North East Mud Services Company, LLC (NEMSco) of Clarksburg, West Virginia.
NEMSco is a leading supplier of drilling fluids and solids control equipment in the northeast U.S. NEMSco operates bases in West Virginia, Pennsylvania, New York and Ohio. Due to the company’s strong track record in the Marcellus Shale and throughout the northeast U.S., Baker Hughes Drilling Fluids will retain the NEMSco brand name.
“NEMSco’s regional market strength, coupled with Baker Hughes technology and global resources, will deliver superior value for our customers and shareholders,” said Richard Williams, President of Baker Hughes Drilling Fluids.
Baker Hughes Drilling Fluids, a division of Baker Hughes, offers a full suite of offerings in all product segments – Drilling Fluids, Fluids Environmental Services, and Reservoir and Completion Services. With a global presence and advanced technologies, Baker Hughes Drilling Fluids will continue to deliver new fluids services and technologies that meet the industry’s demanding challenges.
Baker Hughes provides reservoir consulting, drilling, formation evaluation, completion and production products and services to the worldwide oil and gas industry.
Simmons & Company International served as exclusive financial advisor to NEMSco in connection with the transaction.
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