A. Lee Graham
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.