SurvivorEnergy
What Happened to National Energy Services Reunited?
Ticker: NESRSPAC Year: 2017Merger: 2018
Return
+119.3%
Current Price
$21.93
Peak Price
$26.85
Trust Size
$1.9B
Summary
National Energy Services Reunited (NESR) is one of the largest oilfield services companies in the Middle East and North Africa, providing drilling, production, and evaluation services.
What Happened
NESR went public through a SPAC merger in 2018. The company was created by combining two established Middle Eastern oilfield services businesses — National Petroleum Services (NPS) and Gulf Energy SAOC — into a single publicly traded platform. NESR has grown to become a dominant regional oilfield services provider, benefiting from strong oil production activity in the MENA region.
Timeline
2017-05-08
S-1 Registration Filed
2018-05-08
Merger Proxy Filed (DEFM14A)