Houston's Forum Energy Buys Multilift As Well Lift Tech Gets Hotter
Houston's Forum Energy Technologies is buying the stock of Multilift from Houston-based Pelican Energy Partners Inc., an oilfield services specialty private equity fund and manager, another in a series of deals involving artificial lift services.
Multilift manufactures theCyclone and Sandguard completion tools used in unconventional wells to bring more oil to the surface by boosting pressure in reservoirs, thereby boosting profitability, according to the company.
Pelican Partners is invested in other related companies including Houston-based Flowco Production Solutions.
Forum is a varied-technology global oilfield products supplier of highly-engineered equipment for upstream and midstream companies.