Midland-based Regiment closed on two recent acquisitions to grow its pressure pumping company. Last month Regiment acquired pressure pumping equipment from a Permian operator, and in September it acquired a fleet of pumps and high-specification frac stack equipment from a private pumper. The two acquisitions increased Regiment’s total asset base to more than 75,000 HHP and expanded the company’s service offerings to include pump rental and frac stack services.
Marcus Minton, CFO, said Dec. 23, “The addition of tier IV equipment and the optionality of dual fuel consumption will help Regiment lower its emissions as customers seek to reduce their carbon footprint. We have grown our equipment base substantially in 2021 with plans for continued expansion.”