All CATEGORIES
☰ Menu
Ohio Utica Shale

Calumet acquires Specialty Oilfield Solutions for $30 million

By Bob Downing Published: August 8, 2014

From Calumet Specaility late last week:

INDIANAPOLIS, Aug. 1, 2014 /PRNewswire/ -- Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) ("Calumet" or the "Partnership") a leading independent producer of specialty hydrocarbon and fuel products, today announced that it acquired substantially all of the assets of privately-held Specialty Oilfield Solutions, Ltd. ("SOS") on August 1, 2014 for total cash consideration of $30.0 million.

Founded in 2005, Houston-based SOS is a full-service solids control and drilling fluids company with operations in the Marcellus, Eagle Ford and Utica shale plays. This transaction further positions Calumet as one of the leading suppliers of specialty oil field products and services to the drilling industry, building upon the Partnership's acquisition of Anchor Drilling Fluids in March 2014. SOS will operate as a subsidiary of Anchor Drilling Fluids, which is wholly-owned by Calumet. The Partnership believes this transaction will enable Calumet to provide a more comprehensive offering that extends beyond drilling fluids to include solids control equipment and services.

"Oil field services remains a rapidly growing, yet highly fragmented industry," stated Jennifer Straumins, President and COO of Calumet. "This accretive transaction helps to further build upon Calumet's position as a leading supplier of specialized, high-quality products and services to drillers in the field."

About Calumet Specialty Products Partners, L.P.

Calumet Specialty Products Partners, L.P. (NASDAQ: CLMT) is a master limited partnership and a leading independent producer of high-quality, specialty hydrocarbon products in North America. Calumet processes crude oil and other feedstocks into customized lubricating oils, solvents and waxes used in consumer, industrial and automotive products. Calumet also produces fuel products including gasoline, diesel and jet fuel. Calumet is based in Indianapolis, Indiana and has thirteen facilities located in northwest Louisiana, northwest Wisconsin, northern Montana, western Pennsylvania, Texas, New Jersey and Oklahoma.

 

SUBSCRIBE VIA RSS

OHIO.COM VIDEOS

See the most recent drilling report and an injection wells map From NewsOutlet.org
Prev Next

Utica and Marcellus shale web sites

Ohio Department of Natural Resources' Division of Oil and Gas Resources Management State agency Web site.

ODNR Division of Oil and Gas Resources Management. State drilling permits. List is updated weekly.

ODNR Division of Geological Survey.

Ohio Environmental Protection Agency.

Ohio State University Extension.

Ohio Farm Bureau.

Ohio Oil and Gas Association, a Granville-based group that represents 1,500 Ohio energy-related companies.

Ohio Oil & Gas Energy Education Program.

Energy In Depth, a trade group.

Marcellus and Utica Shale Resource Center by Ohio law firm Bricker & Eckler.

Utica Shale, a compilation of Utica shale activities.

Landman Report Card, a site that looks at companies involved in gas and oil leases.FracFocus, a compilation of chemicals used in fracking individual wells as reported voluntarily by some drillers.

Chesapeake Energy Corp,the Oklahoma-based firm is the No. 1 driller in Ohio.

Rig Count Interactive Map by Baker Hughes, an energy services company.

Shale Sheet Fracking, a Youngstown Vindicator blog.

National Geographic's The Great Shale Rush.

The Ohio Environmental Council, a statewide eco-group based in Columbus.

Buckeye Forest Council.

Earthjustice, a national eco-group.

Stop Fracking Ohio.

People's Oil and Gas Collaborative-Ohio, a grass-roots group in Northeast Ohio.

Concerned Citizens of Medina County, a grass-roots group.

No Frack Ohio, a Columbus-based grass-roots group.

Fracking: Gas Drilling's Environmental Threat by ProPublica, an online journalism site.

Penn State Marcellus Center.

Pipeline, blog from Pittsburgh Post-Gazette on Marcellus shale drilling.

Allegheny Front, environmental public radio for Western Pennsylvania.