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OFS - Black Bay spins TOPS's gas lift systems as growth opportunity - August 2019
New Orleans-based private equity firm Black Bay Energy Capital will invest in Total Operations and Production Services, which custom designs, installs and services advanced electric- and gas-driven compression systems in the Permian Basin. TOPS, based in Midland, specializes in gas lift applications, which Black Bay sees as a growing market. Gas lift systems becoming the preferred form of artificial lift, Black Bay said. In addition, with the continuing electrification of the oilfield, the use......
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