HOUSTON, May 1, 2018 /PRNewswire/ - Pro Oil & Gas Services, LLC ("Pro" or the "Company") announced today that it has combined with Elite Production Services, LLC ("Elite"), a provider of flowback and well testing, torque and test and crane rental services in the Permian Basin, Eagle Ford and Haynesville. Concurrent with the closing of the Elite transaction, Pro acquired Whitetail Well Testing, LLC ("Whitetail"), a provider of flowback and well testing services in the Permian Basin.

Elite and Whitetail will provide additional scale and diversity to Pro's completion services operations, specifically in the Permian Basin with their established customer relationships and service expertise. The combined company will consolidate under the Pro brand name and operate as a diversified, multi-basin provider of completion and drilling services with operations in the Permian Basin, Eagle Ford, Haynesville, Mid-Continent and Marcellus. Pro is backed by Intervale Capital and, prior to the combination, Elite was a portfolio company of Pelican Energy Partners.

Darrell Brewer, Pro's founder and chief executive officer commented "With this combination, we are able to expand our flowback and well testing offering across the Permian Basin as well as add capacity and expertise to our torque and test and crane services divisions. We are excited to welcome the highly talented teams from Elite and Whitetail to the Pro platform."

Taj Gala, Elite's chief executive officer added "This combination is a great opportunity to partner with a leading completions services franchise. The larger platform will provide our team and our customers with enhanced opportunities for growth and success. We look forward to providing our customers with the high quality service they have become accustomed to."

Jason Turowsky, a partner at Intervale added "We are pleased to partner with the talented teams at Elite and Whitetail. Darrell and the rest of the Pro team have built a strong and diversified business. This combination is an important step in adding incremental scale and operating talent to the Company's established asset base and corporate infrastructure. We are focused on continuing to explore a consolidation strategy across other service lines in which Pro currently operates."

Pro and Intervale were represented by a team from Kirkland & Ellis LLP, and Elite and Pelican were represented by a team from Locke Lord LLP. Ares Commercial Finance provided acquisition financing for the transactions.

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