Quintana Energy to amend revolver along with Archer Well combination

By Tali Rackner

Norfolk, Va., Nov. 23 – Quintana Energy Services LP plans to amend its revolving credit facility in conjunction with its merger with Archer Well Co. Inc., according to a press release.

“We are extremely appreciative of our Amegy-led bank group’s support in consummating this transaction,” vice president of finance and corporate development Keefer Lehner said in the release.

“The flexibility afforded to us under our amended credit facility positions the combined company to navigate the current market downturn, integrate the Archer Well Services Entities and emerge as a leader in our industry.”

Quintana is an onshore drilling services company based in Houston. Archer Well is a global oilfield service company.

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