Archer Limited: Archer supports the planned merger between Quintana Energy Services Inc. and KLX Energy Services Holdings Inc.
Hamilton Bermuda (May 4, 2020) Reference is made to the announcement on May 3, 2020, by Quintana Energy Services Inc. (“QES”), whereby QES outlined its plan to merge with the Nasdaq listed U.S. onshore oilfield services company KLX Energy Services Holdings Inc. (“KLXE”) in an all-stock transaction (the “Transaction”). KLXE and QES plan to combine their services, establishing an industry-leading provider of asset-light oilfield solutions across the full well lifecycle including drilling, completing and production related products and services. Archer currently owns approximately 28.1%