Dynacorp Energy Services and Energes Oilfield Solutions Combine to Form EnerCorp Sand Solutions
Dynacorp Energy Services (“Dynacorp”) and Energes Oilfield Solutions,
LLC (“Energes”) have come together to form EnerCorp Sand Solutions
(“EnerCorp”), a leading provider of sand management products and
technologies for the oil and gas industry. EnerCorp designs,
manufactures, sells, rents and services patented and proprietary sand
control solutions for onshore operators across North America. EnerCorp
is a portfolio company of Intervale Capital, an energy services
investment firm based in Houston, Texas.
The combination strengthens the combined balance sheet of EnerCorp,
while providing significant growth capital to support ongoing product
development and strategic initiatives. EnerCorp’s suite of products and
services include patented and propriety sand separation technologies
aimed at solving its customers’ challenges with increased completion
intensity and proppant loading, as well as standard flowback services.
Justin Morin, EnerCorp’s Chief Executive Officer, has more than 15 years
of oilfield service experience managing manufactured products and
services businesses, and has served as the Dynacorp CEO since 2013. He
will be joined by James Pung, who will serve as President of the U.S.
Operations of EnerCorp. Mr. Pung has spent more than 15 years focused on
the flowback and well testing market, and served as the Energes CEO
since 2014.
Mr. Morin commented, “The relationship between Energes and Dynacorp
allows us to move faster from engineering and new product development to
the field. Our customers are focused on maximizing production more
efficiently, safely, and without equipment failure due to sand erosion.
EnerCorp will be uniquely positioned to provide a broad suite of
products, services and technologies to our customers, as well as explore
new innovations to optimize sand control across the entire well life
cycle. We are excited about the large market opportunity ahead of us,
and are very proud of all the employees that have come together during
this process.”
Mr. Pung added, “The Energes and Dynacorp teams have been working
together since 2016. There is great cultural alignment between these
businesses and we expect a seamless combination of our respective
strengths. Through effective collaboration, innovation, focused
engineering and a commitment to strong service quality, we are focused
on changing the landscape of the traditional flowback and early
production flow period.”
EnerCorp Sand Solutions (www.enercorpsandsolutions.com)
About Dynacorp Energy Services (www.dynacorp.ca)
Dynacorp is a Canadian designer and manufacturer of patented &
proprietary sand filtration, sand cyclonic, and flowback equipment. The
company is headquartered in Calgary, Alberta with a manufacturing
facility in Grand Prairie, Alberta, and has deployed equipment across
North America.
About Energes Oilfield Solutions, LLC
Prior to the transaction, Energes Oilfield Solutions was a wholly owned
subsidiary of Energes, LLC. Energes is an oilfield services company
providing a full suite of flowback, well testing and sand management
services. The company is headquartered in Houston, Texas and serves the
Texas, New Mexico, Oklahoma and Pennsylvania markets.
Post-transaction, Energes, LLC will continue to own and operate its
professional safety services business. The safety services business
offers training services, LEL and H2S gas monitoring systems, confined
space rescue packages, shower trailers, and many more services from
drilling to downstream segments.
About Intervale Capital (www.intervalecapital.com)
Founded in 2006, Intervale Capital is a specialized energy-focused
investment firm. Intervale invests primarily in middle-market energy
services and manufacturing companies. The firm has raised $1.3 billion
of committed capital since its inception, and is currently investing
from its third fund.
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