Archer Buys Great White Energy from Wexford

Archer Limited has paid $742 million to buy Great White Energy Services, a company formed by Wexford Capital. The deal is expected to close in the third quarter. Archer is backed by Seadrill Limited and Lime Rock Partners. Great White provides a range of energy-focused services including coil tubing and snubbing services, directional drilling, and pressure pumping.

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