Tally Energy Services, a private equity-backed oilfield services company with a buy-and-build strategy specializing in shale development, has acquired Austin-based ReStream Solutions. ReStream’s latest commercialized technology, FracStream, is a hardware-software service that seamlessly integrates into existing hydraulic fracturing operations to provide real-time, unmanned, frac fluid characterization.
“Tally Energy Services’ mission is to make better wells by focusing on areas most profoundly affecting success: wellbore placement, effective stimulation, and production optimization,” said Chris Dorros, CEO of Tally Energy Services. “ReStream’s technologies and offerings bring a unique service in completions and establishes a digital platform for our overall strategy. We are excited to partner with their team and welcome them to the Tally family.”
Read the full press release HERE