DLA Piper represented Tally Energy Services in its acquisition of ReStream Solutions, LLC. Tally is a private equity-sponsored oilfield services company focused on North America shale that seeks to partner with innovative companies in technical oilfield products and services with opportunities for growth, consolidation and differentiation.
ReStream’s technology monitors, analyzes and reports on-site frac fluid chemistry, rheology and physical parameters into and out of the blender. It assures that the stimulation fluids are delivered as designed through every stage, enabling pressure pumpers to manage the challenges of variable water quality and chemical interactions across the whole pad. ReStream’s latest commercialized technology, FracStream, is a hardware-software service that seamlessly integrates into existing hydraulic fracturing operations to provide real-time, unmanned, frac fluid characterization. FracStream immediately identifies unexpected changes in the fluid system, such as friction reducer efficacy, total dissolved solids, and pH, and actively notifies clients in real-time. It replaces manual, periodic fluid sampling of a narrow set of parameters with an automated, continuous stream of high-quality, redundantly-sampled, complete fluid system characterization.
The DLA Piper team was led by partner Jason Whiteley (New York) and associate Shaked Hoter (Washington, DC) and included partners Gregory Ruback, Drew Young and Jeff Salinger (all of New York); and associates Witold Jurewicz (New York) and Clayton Culler (Washington, DC).
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