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Houston, TX-based MRC Global Inc. (NYSE:MRC) has agreed to buy Chaparral Supply, a subsidiary of SandRidge Energy Inc. (NYSE:SD). Chaparral Supply provides PVF products and oilfield supplies to its parent organization SandRidge.
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MRC plans to merge Chaparral with the company’s existing Alva, OK, service location.
As part of the acquisition, MRC and SandRidge Energy have agreed to enter into a supply agreement in which MRC will serve as the primary pipe, valve and fitting product and oilfield supply distributor to SandRidge’s operations in Oklahoma and Kansas.
“We are very pleased with the confidence that SandRidge Energy has shown in MRC,” said MRC COO-North America James Underhill. “We look forward to providing value to their operations through our global purchasing strength, efficient processes and local service capabilities in the rapidly growing and strategically important Mississippian Lime formation.”