SageRider Acquires Majority Stake in Texproil

SageRider, Incorporated is pleased to announce the acquisition of a majority interest in Texproil S.R.L. Argentina.  This acquisition will allow SageRider to expand its presence and product offerings in South America, while adding to its overall manufacturing capabilities.  Texproil designs, manufactures, and installs a wide range of unique Completion and Production products for the oil and gas industry. These technologies will compliment SageRider’s innovative completion and reservoir monitoring tools.  SageRider, Inc is based in Stafford, TX, with operations in Rosharon, TX, Midland, TX, Bakersfield, CA and Minot, ND.  Texproil’s operations are located in Neuquén, Comodoro Rivadavia, and Las Heras, Argentina as well as Barrancabermeja, Colombia.  Manufacturing and Administration are located at the primary facility in Cipolletti, Argentina.