Oil States International Inc. has purchased almost all of Wire Line Service Ltd.'s assets for about $44 million.
The Houston-based oilfield services company said it will fund the transaction with capital available under its existing credit facility.
Wire Line Service Ltd. is a Midland, Texas-based business that primarily provides well testing and flowback services through its locations in Texas and New Mexico.
Oil States International (NYSE: OIS - News) also said Wire Line's assets would expand its rental tool operations.
The Houston Business Journal
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