Houston-based NexTier Oilfield Solutions Inc. (NYSE: NEX) — which was formed in October 2019 through a merger — sold a business unit to Fort Worth-based Basic Energy Services Inc. for $93.7 million.
The deal was announced and closed March 9, according to a press release. The sale of NexTier’s Well Support Services segment — also known as C&J Well Services — included the company’s rig services, special services and fluids-management businesses.
The deal will reduce NexTier’s headcount by…
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