Tuesday, August 3, 2021
73.7 F
Fort Worth

FTS International completes J-W Wireline acquisition

🕐 1 min read

A. Lee Graham

Reporter

FTS International Inc. has acquired J-W Wireline Co., closing an acquisition that boosts Fort Worth-based FTS’ wireline capacity more than tenfold.

The deal also extends FTS’ wireline service to all locations where it offers hydraulic fracturing services, including the Permian Basin; Eagle Ford, Marcellus, Utica and Haynesville shales; and various mid-continent plays.

 

“This acquisition provides us several key opportunities,” said FTS CEO Greg Lanham in a news release.

 

“Partnering the acquired wireline units with our existing stimulation fleets will allow us to reduce wireline-related downtime for our customers while increasing the utilization of our equipment,” Lanham said.

 

Acquiring substantially all assets of J-W Wireline, one of the nation’s largest independent cased-hole wireline companies, provides a national wireline footprint to FTS’ North American well-stimulation fleet, which has more than 1.6 million hydraulic horsepower. 

 

Customers of both companies are expected to enjoy a more comprehensive and efficient bundle of well-completion services, including vertical and horizontal (pump down) perforating, comprehensive cased-hole logging services, and pipe recovery and mechanical services.

 

The acquisition includes about 70 active wireline units, related district operation locations, a manufacturing facility and a training facility.

 

The completed acquisition sees about 400 J-W Wireline employees are join FTS, including a wireline management team.

 

FTS International, an independent well completion service company, has more than 1.6 million hydraulic horsepower deployed in major U.S. shale basins. The company provides well-completion services, including pressure pumping, wireline and reservoir optimization technologies. More information is available at www.ftsi.com.

 

lgraham@bizpress.net

 

Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

Related Articles

Our Digital Sponsors

Latest Articles

Not ready to subscribe?

Try a few articles on us.

Enter your email address and we will give you access to three articles a month, to give us a try. You also get an opportunity to receive our newsletter with stories of the day.

Get our email updates

Stay up-to-date with the issues, companies and people that matter most to business in the Fort Worth.

  • Restaurants
  • Technology
  • and more!

FWBP Morning Brief

FWBP 5@5

Weekend Newsletter

  • Banking & Finance
  • Culture
  • Real Estate