Blackeagle Energy Services picks up Texas assets

BERTHOUD — Blackeagle Energy Services, a provider of energy-related construction and maintenance services based in Berthoud, said on Wednesday it has acquired certain assets from Brazos Rock Inc., a provider of oilfield construction services in the Permian Basin in west Texas.

Financial terms of the deal were not disclosed.

“The transaction increases our footprint and strengthens our existing Texas operations, Rick Barrett, Blackeagle’s president and chief executive, said in a prepared statement. “It allows us to better serve our existing customers and puts us at the epicenter of the nation’s largest oil-producing region.

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“By establishing a leading presence in the region, at what is widely considered the bottom of the cycle, Blackeagle is well positioned for future growth.”

Brazos Rock is based in Weatherford, Texas, and is led by CEO Chad Chester.

“I have known Rick and Blackeagle for a long time and have appreciated the similarities between our two businesses,” Chester said. “When it came time for us to consider strategic alternatives, I knew there would be no one better to work with than Blackeagle.”

Blackeagle will employ Brazos Rock’s former employees and occupy the company’s building and yard in Midland, Texas.

Blackeagle Energy Services has operations across the country. It specializes in pipeline and facilities construction, fabrication, integrity management and related engineering and maintenance for customers building and operating oil and natural gas infrastructure.