Moncla Marine acquires Tetra workover barge rigs

Lafayette, La., based Moncla Marine has acquired an inland water workover barge rig fleet from TETRA Applied Technologies, LLC., reports Mike Moncla, COO of the Moncla Companies.

The three 24-hour inland workover barge rigs will be based along the Gulf Coast of Louisiana. To be named the Snapper, Porpoise and Mackerel, the three rigs will join the six current fleet members, the Stingray (pictured below), Gator, Moccasin, Copperhead, Catfish and Sac-a-Lait.

Moncla Marine provides a diversified fleet of workover barge rigs that include daylight or 24-hour options, floating or sunk operations in water depths of 3 feet to 15 feet, the only posted workover rig in the market, and the only workover rigs with triple derricks. Moncla Marine specializes in workovers, completions, sidetracks, re-entries, shallow drilling, and plug and abandonments in the inland waters of the Gulf Coast.

“TETRA has remained a strong competitor with a top-notch reputation for many years making this acquisition a fantastic opportunity for us,” said Mr. Moncla. “TETRA is a safety conscious company with a talented and experienced crew and we are proud to have them as part of our team.”

Companies affiliated with Moncla Marine include Moncla Workover and Drilling; and Brother’s Oilfield Service and Supply (BOSS). The Moncla companies employ nearly 300 people.

January 5, 2012