Viking Oil Tools Receives Significant Equity Investment from NGP Energy Technology Partners

THE WOODLANDS, Texas--()--Viking Oil Tools (“Viking”, or the “Company”) today announced that the Company has been formed with a significant equity investment from NGP Energy Technology Partners (“NGP ETP”) and Viking’s management team. Viking provides oil and gas producers with high quality Fishing, Thru Tubing, and Rental equipment and services. The Company differentiates itself with a focus on safety, state-of-the-art equipment, and excellence in customer service, driven by a management team with over 100 years of collective leadership experience. Viking is led by a team that includes Wes Heiskell, Timothy Clapp, and Jay Gillis. The newly-formed Viking Oil Tools is headquartered in The Woodlands, Texas.

“By combining the vast domestic and international expertise of the Viking team with the resources and experience of the NGP platform, we anticipate significant long-term growth potential and look forward to working side-by-side with the team to build the business.”

”Viking Oil Tools is led by a seasoned team of Fishing & Thru Tubing executives with proven track records of delivering value to customers and a commitment to health, safety and quality standards,” said its CEO, Wes Heiskell. “The partnership with NGP ETP creates a formidably capitalized company with extensive resources throughout the oil & gas industry, enabling Viking to respond quickly to its customers and deliver the best solution. Our success is driven by listening to our customers’ needs and providing them with the highest quality services in the industry.”

”We are very excited about our partnership with the Viking management team,” said Michael LeBourgeois, Managing Director of NGP ETP. “By combining the vast domestic and international expertise of the Viking team with the resources and experience of the NGP platform, we anticipate significant long-term growth potential and look forward to working side-by-side with the team to build the business.”

About Viking Oil Tools

Viking Oil Tools (“Viking”, or the “Company”) provides oil and gas producers with high quality Fishing, Thru Tubing, and Rental equipment and services. The Company differentiates itself with a focus on safety, state-of-the-art equipment, and excellence in customer service, driven by a management team with over 100 years of collective leadership experience. Viking is headquartered in The Woodlands, Texas.

www.vikingoiltools.com

About NGP Energy Technology Partners

NGP Energy Technology Partners ("NGP ETP") invests equity capital for growth and buyout transactions in companies that provide products and services to the oil and gas, power, energy efficiency, and alternative energy sectors. Founded in 2005, NGP ETP manages approximately $500 million in committed capital and is led by investment professionals that have extensive experience investing in virtually all types of energy technology. The investment team strives to partner with strong, experienced management teams and work with them to create significant value. NGP ETP is an affiliate of NGP Energy Capital Management (“NGP ECM”), a premier investment franchise in the natural resources industry, which together with its affiliates has managed over $13 billion in cumulative committed capital since 1988. NGP ECM’s investment platform includes Natural Gas Partners, NGP Global Adaptation Partners, NGP Capital Resources Company (NASDAQ: “NGPC”) and NGP Energy Technology Partners. NGP ETP is headquartered in Washington, D.C. and has an office in New Orleans, LA.

www.ngpetp.com

Contacts

for Viking Oil Tools:
Wes Heiskell, 281-528-1226