Octane Energy to sell Oilfield Consultant-based Assets to Upstream International LLC
JUNE 1, 2020, MIDLAND, TEXAS – Sugar Land, Texas-based Upstream International LLC has entered into a purchase agreement for assets of Octane Energy Consulting, LLC, a bespoke provider of well site consulting services for an undisclosed amount. The transaction is expected to close in June of 2020.
Octane was founded in 2013 as the unconventional renaissance and shale revolutions were unfolding in the Permian Basin. The company made the INC 5000 list two consecutive years as the 5th and 4th fastest growing private energy company in Texas for 2017 and 2018 respectively. Since 2013 Octane has assisted its client E&P companies in creating value through more than $27B in M&A activity and unlocking more than 2 Billion Barrels of Reserves through leading drilling and completions operations.
“Upstream International is excited and honored to welcome Octane Energy’s skilled consultants to our roster of oilfield professionals,” noted Scott Verrett, Upstream’s General Manager. “Their expertise, work ethic and genuine grit meet the high expectations we have established for ourselves.”
Upstream International LLC has been connecting E&P companies and oilfield service providers with top-notch consultants since its founding in 2004. The company is comprised of seasoned oilfield veterans who have spent their careers creating value for clients and forging lasting relationships.
“Both organizations share the same philosophy that happy people provide great results,” continued Verrett.“This expansion is a well-considered addition that allows us to add the highest quality consultants and continue our legacy of success. Welcome aboard, BlackHats!”
Octane Energy will continue its contract operating and project management operations from its Midland,Texas offices.
For more information, contact:
Mo Lewis, Upstream International