Key Energy Services Sells Frac Stack and Well Testing Assets to Covenant Testing Technologies

June 13, 2017

S&C represented Key Energy Services, Inc. in the sale of its frac stack and well testing assets to Covenant Testing Technologies, LLC, an affiliate of Catapult Energy Services Group, LLC, an oilfield services portfolio company funded by NGP and NGP Energy Technology Partners.
The S&C team on the transaction was led by Alison Ressler and Sarah Payne, along with Lucas Adams and James Wigginton. David Spitzer and Jonathen Rhein advised on tax matters; Ari Blaut and Moritz Raepple advised on financing matters; Rebecca Coccaro and Kelsey Baldwin advised on executive compensation and benefits matters; Nader Mousavi and Joshua Steinberger advised on intellectual property matters; and Matthew Brennan advised on environmental matters.