One X – A Completions Partner (One X), a Kingswood Capital Management, LP (Kingswood) portfolio company has acquired United Energy Partners (UEP), the provider of pressure control services and equipment rental solutions for energy operators. Through this strategic acquisition, One X has become one of the largest independent operators of serviceless (greaseless) pressure control valves in the United States, with operations across the Permian Basin, DJ Basin, Eagle Ford Shale, Bakken Shale, and Haynesville Shale.
Headquartered in Greeley, Colorado, United Energy Partners provides pressure control equipment services and rentals by utilizing cutting-edge serviceless valve technology that improves safety, site preparedness, and reliability. With this innovative offering, UEP has established itself as the premier pressure control partner across Colorado, Texas, Utah, Wyoming, North Dakota, and New Mexico. Existing UEP management will remain onboard and work with One X to expand its service offerings and geographic reach.
Based in Houston, Texas, One X provides pressure control services, flowback, drill-out, and well testing services to several major international energy operators. It was acquired by Kingswood Capital Management in October 2023. Acquiring UEP will expand One X’s geographic breadth and industry-leading technology portfolio.