SNF to acquire Obsidian Chemical Solutions
SNF, the global leader in water-soluble polymers, has announced the acquisition of Obsidian Chemical Solutions LLC (Obsidian), a leading provider of specialty chemical solutions primarily for completion operations to the oil and gas industry.
Based in Midland, Texas (U.S.), Obsidian has grown rapidly to become a trusted solution provider to the Permian Basin. It provides one of the largest bulk storage capacities in the basin and a substantial manufacturing footprint. This acquisition will allow SNF to service its customers more quickly and efficiently with a broader portfolio by offering customized chemical formulations for stimulation, acidizing, drill-out, cementing and produced water treatment, enhancing asset integrity and optimizing production.
“SNF Oil & Gas is committed to enhancing our infrastructure to meet customer service and product requirements. The acquisition of Obsidian Chemical Solutions LLC exemplifies our ongoing dedication to delivering innovative and customized solutions to the oil and gas industry,” said Brian Satterfield, VP of SNF Oil and Gas.
The integration timeline for Obsidian will be communicated in due course.
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