SNF Group (Andrézieux-Bouthéon, France) announced the acquisition of Obsidian Chemical Solutions LLC , a leading provider of specialty chemical solutions primarily for completion operations to the oil & gas industry.
Based in Midland, Texas, Obsidian has grown rapidly to become a trusted solution provider to the Permian Basin. It provides one of the largest bulk storage capacities in the basin and a substantial manufacturing footprint. This acquisition will allow SNF to service our customers more quickly and efficiently with a broader portfolio by offering customized chemical formulations for stimulation, acidizing, drill-out, cementing, and produced water treatment, enhancing asset integrity and optimizing production.
“SNF Oil & Gas is committed to enhancing our infrastructure to meet customer service and product requirements. The acquisition of Obsidian Chemical Solutions LLC exemplifies our ongoing dedication to delivering innovative and customized solutions to the oil and gas industry.” – Brian Satterfield, VP of SNF Oil and Gas.
The integration timeline for Obsidian will be communicated in due course.