An oil field service company based out of the United Arab Emirates will spend $223 million to acquire 95% of a Butler Business.
Enersol has announced they have come to an agreement with Deep Well Services a company based out of Jackson Township to take a majority stake in the company.
According to Offshore Technology, an oil and gas news source, it’s expected that the sale of DWS will help Enersol deliver 144 unconventional wells for a $1.7 billion contract for ADNOC Drilling.
DWS is an energy equipment and solutions company that employs about 600 people.