About Wilks Brothers
Wilks Brothers is a multifaceted, family-based partnership headquartered in Cisco, Texas. The firm invests in people, communities, and businesses specializing in construction, oil, and manufacturing.
Wilks Brothers Headquarter Location
Cisco, Texas, 76437,
Latest Wilks Brothers News
Aug 12, 2021
Oil billionaire Dan Wilks bulks up stake in NexTier Oilfield Solutions Source: Reuters Oilfield equipment and service companies were among the worst performing sector of the energy business as the COVID-19 pandemic cut oil demand. Wilks, who made his fortune on the U.S. shale boom through a Texas oil trucking firm with his brother is betting the sector has bottomed, according to analysts. Wilks and his brother, Farris, last month took a roughly 10% stake in hydraulic fracking firm U.S. Well Services. Wilks also snapped up shares in rival shale fracking firm ProPetro Holding Corp, reporting a roughly 7.5% stake in January, and has been engaged in a lengthy court battle to take over Canadian pressure pumper Calfrac Well Services Ltd. Wilks first took a 5% active stake in NexTier in February and now holds a nearly 8% stake in the company, according to Thursday’s U.S. Securities and Exchange Commission (SEC) filing. Representatives for NexTier and the Wilks family did not immediately respond to a request for comment. The Wilks Brothers own hydraulic fracturing firm ProFrac Services. In addition to the family’s equity stake in U.S. Well Services, ProFrac recently invested roughly $22.5 million in the company as part of a licensing agreement that allows them to build and operate electric frac fleets.