Houston-based Knight Energy Services, portfolio company of private equity firm Voyager Interests, said last week it acquired Odessa’s Platinum Pipe Rentals. The combined business will have 18 locations across the nation with a fleet of more than 200,000 pieces of rental tools and equipment, including more than seven million feet of drill pipe and tubing. Dwight Gross, CEO and president of Knight, said June 5, “Combined with Platinum, we believe Knight has the largest fleet of rental drill pipe and tubing in the nation in addition to an expansive fleet of drilling jars, BOPs, tubular handling equipment and other downhole rental tools.”
Gross said Knight has operations in every key basin in the nation. “And as a result of Platinum’s presence in the Permian,” he added, “we are now a real force in the most active oil and gas region in the county.” Purchase price was not announced.