As part of a major well services company’s bankruptcy proceeding and exit from the Appalachian Basin, ConServ acquired the remaining WV assets of the company. Assets acquired included: Combo High Pressure Pumping-Cementing equipment, Body Load Bulk Cement equipment, power swivel unit, high pressure triplex mud pump unit, power tongs (large & small diameter), pipeline fusion equipment, casing elevators/air slips, and other miscellaneous rig & facility support items.
Commenting on the acquisition, ConServ’s President stated: ” With the addition of these assets and like prior asset purchases, we have continued to upgrade our equipment inventory (and in turn, service capabilities) by opportunistically purchasing equipment at favorable pricing. After being fully inspected, we anticipate this equipment being placed into service in the first quarter of 2022.”