The Borgman Company (TBC), a privately held Dallas-based giant, has agreed to acquire an undisclosed oil company with producing assets and service infrastructure in West Texas. The $31.1 million transaction significantly expands TBC’s presence and resource base in the Permian Basin.
This acquisition underscores TBC’s commitment to investing in high-quality assets and supporting domestic energy production. As TBC grows its footprint in this prolific oil-producing region, it remains focused on responsible development and creating lasting value for communities and partners.
KEY QUOTE:
“This is a pivotal step in our long-term growth strategy within a historic American industry. The assets we’re acquiring not only provide immediate operational value but also establish a scalable platform for continued expansion across the major basins. We will continue to develop long-standing relationships within a community that has been the backbone of our country for decades and decades to come.”
Jim Fisher, Executive Vice President and COO at The Borgman Company