Key Energy To Buy Extraction Services Cos. For $300M

Law360, New York (July 14, 2011, 6:44 PM EDT) -- Texas oilfield service provider Key Energy Services Inc. on Thursday announced a $300 million deal to buy Edge Oilfield Services LLC and Summit Oilfield Services LLC in an effort to expand natural gas extraction services in areas where gas is trapped in shale formations.

Weatherford, Texas-based Edge and Summit, collectively known as Edge, provide equipment used to extract natural gas from shale deposits and manage the flow of fluids and chemicals used to loosen the gas in a process known as hydraulic fracturing, or fracking....
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