29.06.2011

Hertz expands in oil & gas market

Hertz Equipment Rental has acquired WGI Rentals of Williston, North Dakota, a company with a strong position within the Bakken shale oil region.

Hertz says that the purchase is part of its strategy to expand into the oil & gas market in North America and that it will help it penetrate the exploratory drilling activity in and around the Bakken Shale which is a significant market for conventional and unconventional drilling activities.

Hertz president Mark P. Frissora said: "We're excited to be expanding our Equipment Rental business into the North Dakota marketplace. With its experience in providing equipment to the emerging Petro-Chemical market in North Dakota, WGI enables Hertz to bring its industrial service expertise into a new region while enabling Hertz to tap into the growth of North Dakota's Oil and Gas industry."