Bakken Directory 2014: OFS Energy Fund completes asset acquisition of WT3

OFS Energy recently formed Terra Oilfield Services LLC in order to recapitalize WT3 LLC, a provider of water transfer and treatment services to the oil and gas industry. James Wingo and Stan Peach, WT3’s co-owners will continue as TerraOFS’ management team.

“James and Stan are experts in their field, and they have assembled a reliable team to provide creative and reliable water solutions during critical phases of the frack process,” said Jerad McMayon, partner of OFS. “TerraOFS’ management has deep knowledge of drilling, completions and chemicals, and our fund is pleased to provide capital and other resources to help support TerraOFS’ growth in those areas.”

TerraOFS is a water transfer and fluids management company focused on providing critical services to the oil and gas industry primarily during the drilling and fracturing process. TerraOFS is headquartered in Conroe, Texas, and has operations in most major shale basins in North America.

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