Frac valve firm expands footprint to meet shale needs

By Luke Geiver | September 23, 2019

AWC Frac Valves Inc. has completed a definitive asset purchase agreement with NorMak Machine and Hydraulic LLC, a specialty frac valve repair facility in Ft. Collins, Colorado. AWC is a recognized leader in the design, manufacturing, repair and refurbishment of hydraulic frac valves. AWC plans to integrate NorMak’s frac valve repair and machine capabilities into its current portfolio, further strengthening AWC aftermarket frac valve repair operations. With this addition, AWC expands its current operations to cover the DJ, Bakken, and the Powder River Basin.

In the past three years, completion engineers and operators have been working to enhance completion designs to pump more sand and more stages per well compared to the previous strategies. To work against lower realized revenues per barrel produced, operators have also worked with service companies to keep completion teams running longer and completing more stages per well per day, which in turn, has put pressure on maintaining downhole fracturing equipment.

Joe DeGeare, AWC CEO, noted, “This transaction is a major step towards our planned expansion of our aftermarket services into new areas and creates a stocking point for new valve sales, rentals and parts.” AWC’s commitment to the highest-level of customer service for the entire lifecycle of a frac valve is a key differentiator. NorMak shares a similar culture. "We have worked to establish ourselves as a leader of frac valve repairs in the Rocky Mountain area and I believe AWC will continue this leadership position and further support the expansion plans of NorMak. This combination will provide many additional opportunities for NorMak’s employees and customers base," said Dusty Shefferd, owner and founder of NorMak Machine and Hydraulic LLC.