Vertice Expands its Leading-Edge Completions Portfolio with Acquisition of Gryphon’ Assets

Source: www.gulfoilandgas.com 10/27/2021, Location: North America

Vertice Oil Tools Inc., a leading provider of downhole completions technology, has acquired substantially all the completions assets of Gryphon Oilfield Solutions, LLC (“Gryphon”). This acquisition expands Vertice’s geographic footprint and enhances Vertice’s ability to provide its customers with innovative completions solutions.

Mohamed Saraya, CEO of Vertice, commented, “We are excited to announce the acquisition of Gryphon’s completions business. Gryphon has developed a state-of-the-art suite of downhole technology that will augment Vertice’s existing product offering. The addition of Gryphon’s products marks an important step in our efforts to build a best-in-class completions company by providing tailored solutions for our customers.”

Vertice is backed by SCF Ventures, an early-stage investment vehicle within SCF Partners, focused on providing differentiated capital to emerging companies to develop new products and technologies in the energy services sector.


Australia >>  5/19/2022 - Woodside shareholders voted to approve the proposed merger (the Merger) with the petroleum business of BHP Group Limited at today’s Annual General Mee...
Nigeria >>  5/19/2022 - In response to an article published today in This Day newspaper, stating that the Federal Government of Nigeria has declined consent to the acquisitio...

United States >>  5/19/2022 - CGG announced that Sercel, its Sensing & Monitoring division, has acquired Geocomp Corporation, specialized in high-value services and products for ge...
United States >>  5/19/2022 - Centennial Resource Development, Inc. and Colgate Energy Partners III, LLC announced they have entered into an agreement to combine in a merger of equ...

Norway >>  5/16/2022 - HydraWell has joined forces with READ (including subsidiaries READ Cased Hole and ANSA) to create a leading well integrity specialist with ambitions t...
United States >>  5/16/2022 - Emerson (EMR) and AspenTech announced the successful closing of the combination of Emerson’s industrial software businesses – OSI Inc. and its Geologi...




Gulf Oil and Gas
Copyright © 2021 Universal Solutions All rights reserved. - Terms of Service - Privacy Policy.