Dallas-based Axis Energy Services and Brigade Energy Services said recently they are merging to “form the nation’s largest and most innovative well servicing company with the best-trained workforce.” The merger “combines two high-growth organizations that have pioneered new ways to create value for an oil and natural gas industry seeking to become more efficient, agile and sustainable amidst changing market and societal conditions.”
The new company is named Axis Energy Services, and headquarters will remain in Dallas. Axis is a leading company for completion services, workover solutions, and plug and abandonment operations. It now has 1,700 employees and 200 active workover rigs – one of the largest fleets in the industry. The company has a strong presence in major oilfields, including Permian Basin, Eagle Ford and Haynesville.
Justin Bliffen, Brigade CEO, said the merger “combines best practices from both companies around data analytics, innovation, personnel training and talent management.”