Vertice Oil Tools has acquired Greenwell Engineering to enhance its technology portfolio and strengthen its presence in the oil and gas market.

Information on the Target

Greenwell Engineering, Inc. (“GWE”) is a prominent player in the field of completion and production solutions tailored for unconventional oil and gas applications. The company is well-regarded for its commitment to innovation, operational efficiency, and the success of its clients. GWE specializes in providing advanced wireline solutions, which are vital for enhancing the performance and reliability of completion operations in the oil and gas sector.

The acquisition of Greenwell Engineering by Vertice Oil Tools significantly strengthens Vertice’s technological capabilities and product offerings. By integrating GWE's advanced solutions into its portfolio, Vertice aims to deliver superior completions technology and reinforce its position in key markets.

Industry Overview

The oil and gas industry in the United States, particularly in Texas, remains one of the most dynamic markets globally. This sector has seen significant technological advancements that enhance op