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Wyreline Transformation acquires assets from Louisiana-based company

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Oilfield Technology,


Wyreline Transformation, LLC, (Wyre) has recently acquired all the assets from an undisclosed wireline service company based in Lafayette, Louisiana, US. The purchase included 11 wireline trucks, eight offshore wireline skid units, four cranes, pipe recovery equipment and cased hole logging tools.

“Our company’s mission is to deliver exceptional products, services, and solutions to our customers,” said Cameron Kirkpatrick, Wyre’s President and CEO. “We believe this acquisition helps further expand our commitment and support to our customers in the regions we service and enhance our ability for conversional wireline services.”

This purchase follows the third anniversary of the company’s incorporation in May 2018. “We are now more comfortable than ever in who we are as a company,” continued Kirkpatrick, “and we are more excited than ever at the opportunities we have on the horizon.”

“I am very proud of the entire Wyre team for overcoming industry adversities since Cameron launched the company in 2019,” said Board Chairman David S. Wesson, P.E. “These past three years have been the most difficult and challenging period in my nearly 40 years in the industry. I am looking forward to the growth and diversity that acquiring these assets will allow for the company.”

Wyre is a well services company specialising in well completions, workover, and plugging and abandonment of oil and gas wells. Service areas include the natural-gas focused fields in South and East Texas and North Louisiana.


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Read the article online at: https://www.oilfieldtechnology.com/product-news/05072021/wyreline-transformation-acquires-assets-from-louisiana-based-company/

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