PPHB

quintana

Quintana WellPro & Transportes Águila have been acquired by an Undisclosed Buyer


Quintana WellPro S.A. (“Quintana WellPro” or the “Company”)

Quintana WellPro is a leading contract drilling and well servicing provider to the Argentinean onshore oil and gas market. The Company owns 11 drilling rigs and 13 well servicing and pulling rigs with operations primarily focused in the Neuquén and Santa Cruz regions of Argentina. Quintana WellPro has established a proven track record of performance over its nearly 15-year operating history, which enables it to serve many of the leading operators in the region. The Company was founded in 2006 and is headquartered in Buenos Aires, Argentina.

Transportes Águila S.A. (“Transportes Águila”)

Transportes Águila provides transportation services to Quintana WellPro and third-party customers in Argentina. While the majority of Tranportes Águila’s business is focused on serving Quintana WellPro’s transportation requirements, it operates independently from Quintana WellPro, allowing it to provide transportation services to third-party customers under a separate brand name. Transportes Águila provides Quintana WellPro with vertically integrated transportation capabilities, which provides it with a competitive advantage in the marketplace.

Undisclosed Buyer

The undisclosed buyer is led by an industry veteran who has significant contract drilling and well servicing experience across Latin America, particularly Argentina.

PPHB, LP (“PPHB”)

PPHB is an independent investment banking firm providing financial advisory services exclusively to clients in the oilfield equipment and service industry.