The company is also selling its equity interests in Forbes Energy Services Mexico Servicios de Personal, S. de R.L. de C.V.
The sale of these assets for aggregate cash consideration of about $30m is expected to be completed by 15 January 2012.
Forbes Energy Services president and CEO John Crisp said the company intends to reinvest proceeds from the sale to enhance its infrastructure in the US shale plays and diversify its service offering, including the addition of large diameter, long-reach coil tubing units.
Forbes Energy Services is an oilfield services firm that provides drilling-related and production-related services.
