CNX Resources, Deep Well Services Form Joint Venture to Launch Oilfield Service Company-February 2024-www.financetom.com

CNX Resources, Deep Well Services Form Joint Venture to Launch Oilfield Service Company

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CNX Resources, Deep Well Services Form Joint Venture to Launch Oilfield Service Company

Apr 24, 2024 10:42 AM

01:18 PM EDT, 04/24/2024 (MT Newswires) -- CNX Resources ( CNX ) and Deep Well Services said Wednesday they have formed a joint venture to launch oilfield service company AutoSep Technologies.

AutoSep, a standalone company run by Deep Well Services, will offer automated flowback services to the oil and gas industry, the companies said.

Financial details of the joint venture were not disclosed.

CNX shares were up 0.6% in recent Wednesday trading.

Price: 24.22, Change: +0.15, Percent Change: +0.62

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