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Rock Hill Capital Invests in Diversified Well Logging

Source: www.gulfoilandgas.com 3/26/2012, Location: North America

Rock Hill Capital Group (Rock Hill) announced that it has closed on a majority recapitalization of Diversified Well Logging, LLC. (DWL). DWL is based in Reserve, LA and is a leading provider of mud logging services, equipment, personnel and technology to the onshore and offshore oil and gas exploration and production industry.

“We are excited to partner with DWL’s management team and the Klibert family and to assist the Company in its continued growth,” said Randall B. Hale, Founder & Managing Director of Rock Hill. “We believe DWL’s competitive position, both onshore and offshore, provides them with a unique opportunity to offer superior service to their customers,” Mr. Hale continued. “We look forward to working with Rock Hill. Their strategic guidance and financial expertise will serve to accelerate our growth,” said Richard Klibert, CEO of DWL. In addition, he stated, “Rock Hill has taken the time to understand our business and can assist us in taking DWL to the next level.” Debt financing for the transaction was provided by Encore Bank, NA and affiliates of Deerpath Capital.

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Related Articles: Analyzers, Gas  Calibration Equipment  Calibrators, Electronic, Pneumatic  Concentration  Conductivity Meters  Density  Detector, Gas  Dissolved Oxygen meters  Drilling Instruments  Float Switch  Gas meters  General  Indicators and Recorders  Leak Locators  Level meters  Liquid Measurement  Load cells  Monitoring & Control  Mud Control  Mud Logging  pH and REDOX  Pressure gauges/ Transmitters  Radiation Detection  SCADA Systems  Temperature gauges/ Transmitters  Thermocouples  Thermowells  Transducers  Transmitters  Transmitters, Pressure  Viscosity  Weather Station 


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