SNYDER, Texas & ODESSA, Texas--(BUSINESS WIRE)--GlobeLTR Energy Inc.  announced that it has completed its private placement of 9,800,000 shares of its Class A-1 common stock (“Class A-1 common stock”) for aggregate consideration of $115 million. J.P. Morgan Securities LLC and Piper Jaffray & Co., through its Simmons & Company International division, served as the placement agents and as the representatives for the initial purchasers in this offering. Houlihan Lokey Capital, Inc. and PPHB Securities, LP served as co-managers in this offering.

About GlobeLTR Energy Inc.

GlobeLTR Energy Inc. is a growth-oriented, Permian-focused provider of a wide range of oilfield services to U.S. onshore oil and natural gas exploration and production companies, including water solutions, portable power generation and equipment rentals, specialty production chemicals, and well maintenance and workover services.