LONDON and HOUSTON, Jan. 4, 2016 /PRNewswire/ -- EGI is pleased to announce a newly formed partnership with Snubco USA. Snubco USA is a leading provider of pressure control solutions to U.S. onshore oil and natural gas producers. Financial terms of the transaction were not disclosed.
Snubco USA offers snubbing, rental equipment, and other pressure control services to customers located in the major U.S. shale basins. Through a focus on safety, training, and quality service, Snubco USA has earned a reputation for being a high-quality service provider in the pressure control market.
EGI believes Snubco USA's management team is among the top in the pressure control market. Dirk Lee and Jody Kindred each have over 20 years of experience in oil and gas services, and have worked the majority of their careers together, building market leading companies in pressure control solutions. EGI is pleased to have these experienced leaders as partners in the ownership of Snubco USA.
Dirk Lee, President of Snubco USA, commented, "We are excited to partner with EGI. With the experience and financial resources that the team brings, we plan to build a premier energy service company. Jody and I want to thank all of the members of the Snubco USA team that are making this vision possible day in and day out. We know that our most valuable asset and what separates us from the rest of the pack is our human capital."
EGI have appointed Anoop Poddar and Logan Walters, of Energy Growth Momentum, as directors to Snubco USA. Mr. Walters commented, "We are excited to partner with Dirk Lee and Jody Kindred to support Snubco USA through the company's next stage of growth. Their experience in the field of onshore pressure control has been the foundation for Snubco USA's excellent safety record, customer-focused culture, high standard of service, and strong track record of growth. The company is well-positioned for continued expansion in the U.S."
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SOURCE Energy Growth Momentum LLC