The company has said that it will not assume any debt of Leader. Leader US has been a provider of coiled tubing, nitrogen, cementing and acid services from locations in Jane Lew, west Virginia, Minot, north Dakota and Mount Pleasant, Michigan.
In addition, the company anticipates integrating six high capacity coiled tubing packages, to be delivered this quarter, with Leader’s on-going US business to significantly expand the service capabilities of its pressure pumping operations.
Dick Alario, chairman and CEO of Key Energy Services, said: We are excited to bring the Leader business into Key’s service offerings. The excellent management and operations team and commitment to safety mirror our core values and business philosophy. We believe that this acquisition accelerates our growth opportunities in this market segment, particularly the Marcellus and Bakken shale plays.
