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Kinetics Energy Services secures equity financing from Natural Gas Partners

Kinetics Energy Services has closed a private equity financing with Natural Gas Partners, through its affiliate, NGP Natural Resources XI (NGP).

Kinetics is focused on acquiring, integrating and growing North American energy services & equipment companies providing well completions and production enhancement.

Chaden Lassoued, Chief Executive Officer of Kinetics, previously spent two decades in key leadership roles with Schlumberger Limited, undertaking assignments in the Middle East, North America, Latin America, Europe, Africa and Asia. Most recently, Lassoued served as President of Well Intervention where he led more than 9,000 employees and had responsibility for approximately USD3 billion in global revenue. He also served as Vice President of Corporate Strategy for Schlumberger Limited, since March 2012. Earlier in his career,Lassoued served as the Vice President of Middle East & Asia for Drilling & Measurement and Vice President of Latin America for Testing Services and was responsible for the strategic direction of business operations for Schlumberger Limited. He began his career as a field engineer. 

“We are excited about opportunities in the current market and look forward to partnering with businesses in the completion and production enhancement sector,” says Lassoued. “NGP is a patient, supportive and value-added partner and I look forward to building our platform. We have very strong growth plans and ambitious goals."

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