Anchor Drilling Fluids Buys Ozark Mud
Tulsa-based Anchor Drilling Fluids USA, Inc., the largest independent drilling fluids company in the United States, today announced that it has completed the acquisition of Ozark Mud & Chemical, Inc., the leading provider of drilling fluid products and services in the state of Arkansas.
Ozark will retain its name and continue to be led by Terry Davis, the company’s founder. “Terry has an excellent, well-deserved reputation and a very loyal customer base,” said Anchor CEO Bob West. “For twenty years, Ozark has been the drilling fluids company of choice in Arkansas’ Arkoma Basin and they are the leader in the new Fayetteville Shale development as well.”
Anchor is a leading drilling fluid, engineering and oil and gas well-site service provider in the Rockies, Mid-Con and Permian Basin. Anchor employs one of the most experienced engineering, technical and distribution teams in the industry providing customized solutions for many diverse drilling requirements.
“The Ozark organization is world-class and is a perfect strategic growth acquisition for Anchor,” said Anchor President Phil West. “Additionally, the merger will provide Ozark with the capability to grow with the increasing activity and complexity of the Fayetteville Shale.”
The shale appears to be the geologic corollary to the productive Barnett Shale in the Ft. Worth Basin. Drilling for unconventional domestic natural gas reserves has increased in an effort to offset accelerating production declines of many conventional domestic fields.
Terms of the sale were not disclosed.