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Cactus and NESR Announce Collaboration in the Middle East
HOUSTON--(BUSINESS WIRE)-- Cactus, Inc. (“Cactus”) (NYSE: WHD), a leading provider of wellhead and pressure control equipment, and National Energy Services
About this update from National Energy Services Reunited Corp
[{"type":"text","content":" HOUSTON--(BUSINESS WIRE)--\nCactus, Inc. (“Cactus”) (NYSE: WHD), a leading provider of wellhead and pressure control equipment, and National Energy Services Reunited Corp. (“NESR”) (NASDAQ: NESR) (NASDAQ: NESRW), a national, industry-leading provider of integrated energy services in the Middle East and North Africa (“MENA”) region, announced that they have entered into an agreement to provide and deploy Cactus frac rental equipment in the Middle East, as well as other initiatives in the key markets.\n\nScott Bender, President and CEO of Cactus stated, “The differentiated nature of Cactus’ products and service execution has enabled us to significantly expand our presence across U.S. unconventional basins over the last several years. Through this new agreement with NESR, we are extending this model to customers in the MENA region. We have highlighted the Middle East as an area of potential future growth and we are pleased to have officially deployed assets and personnel in the region, working together with NESR. We are excited about the expansion of unconventional oil & gas development activities in the Middle East and hope to leverage NESR’s extensive footprint and excellent customer relationships to grow the business.”\n\n“I am quite pleased to see this agreement with Cactus take concrete shape and the progress we have made with our customers in this sphere. As Scott mentioned, this has been a significant effort on the part of both companies to reach the execution phase given the stringent requirements around pressure equipment,” said Sherif Foda, Chairman of the Board and CEO of NESR. “I believe our partnership with Cactus will bring together two premier names which will give our customers the ability to leverage the efficiencies and expertise of Cactus with the execution capabilities and market access of NESR. I look forward to expanding this relationship and bringing significant value to our customers in the region.”\n\nAbout Cactus, Inc.\n\nCactus designs, manufactures, sells and rents a range of highly engineered wellhead and pressure control equipment. Its products are sold and rented principally for onshore unconventional oil and gas wells and are utilized during the drilling, completion and production phases of its customers’ wells. In addition, it provides field services for all its products and rental items to assist ...