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FDF Acquires Lafayette Based Envirochem

Lafayette, La. July 17, 2014

In an effort to enhance multiple service lines across several sectors of the Oil and Gas Industry and satisfy ever‐increasing customer demands, FRANCIS DRILLING FLUIDS, LTD (FDF) has purchased oilfield service company ENVIROCHEM.

FDF, a Lafayette, La. based company in operation since 1977 is owned by Prophet Equity, a private equity firm based in Southlake, Tx. FDF is one of the oldest drilling fluids companies on the Gulf Coast and one of the largest frac sand distributors in North America. FDF has been at the forefront of Environmental Stewardship, providing “disposal free” dockside cleaning since 1998. Envirochem, owned by Walter Hidalgo, Jr. and headquartered in Erath, La. is widely recognized as a leader in the offshore cleaning industry supporting both drilling and production activities.

FDF President and COO, Doug Chapple:  “This is a promising acquisition that will satisfy not only our cleaning business requirements, but also our associated cleaning products and rental equipment. We are excited to have the Envirochem team join us at FDF. Our primary mission remains to grow and service our oilfield customers.”

FDF and ENVIROCHEM both have exceptional brand recognition across various Oil and Gas service sectors. In order to capitalize upon that brand recognition, Envirochem will retain its name and operate as an FDF owned company. Chapple states, “We plan to consolidate certain business aspects to better serve our customer base, including the offshore markets. Combining our professional, experienced staffs will further improve our service and quality performance.”