11:09 AM EDT, 06/10/2025 (MT Newswires) -- Total Energy Services ( TOTZF ) on Tuesday said its U.S. subsidiary, Total Oilfield Rentals, acquired a fleet of surface rental equipment operating in Oklahoma for US$6.4 million.

The equipment purchased includes around 280 pieces of rental equipment as well as a substantial inventory of ancillary equipment.

A company statement noted the acquisition establishes Total Oilfield Rentals' presence in the Oklahoma drilling and completions rental market and represents "a 30% increase to the number of major rental pieces in the Rentals and Transportation Services segment's United States fleet".

The company said that the purchase price was paid with cash on hand.

Total Energy Services ( TOTZF ) shares were last seen down $0.05 to $10.55 on the Toronto Stock Exchange.

Price: 10.56, Change: -0.04, Percent Change: -0.38