Fulbright Helps Pioneer Nab Coil Tubing Co. For $110M
The cash deal gives the San Antonio-based Pioneer control of Go Coil's 10 coiled tubing units, which oil and gas companies will use to perform various pumping tasks. The acquisition is expected to generate $26 to $29 million in additional earnings for Pioneer's production services division in 2012, said Pioneer CEO Wm. Stacy Locke.
“We believe this new service offering has...
To view the full article, register now.