TETRA Technologies Announces Acquisition Of Eastern Reservoir Services for $42.5M

TETRA Technologies

today announced that it has acquired Eastern Reservoir Services (ERS), a division of Patterson-UTI Energy, Inc., for $42.5 million in cash. ERS is a provider of frac flow back services to oil and gas operators in Appalachia and the U.S. Rockies. Established in 1985, ERS has a long history of serving customers and is recognized for its premium services, experienced personnel and high-quality equipment. ERS has operating locations in Pennsylvania, West Virginia and Colorado. From these bases the company serves oil and gas exploration and production companies in the Marcellus and the emerging Utica shale plays and in the U.S. Rockies.