Lime Rock-backed Axis Energy to acquire the well servicing and coiled tubing assets of Forbes Energy Services.

Lime Rock-backed Axis Energy, a data-driven oil and gas well service company, agreed to acquire the well servicing and coiled tubing assets of Forbes Energy Services, an independent oilfield services contractor. Financial terms were not disclosed. "We are very proud of the data-driven, completions-focused company we have built and the growth driver it has become that has given us a strong balance sheet to pursue accretive opportunities," Dirk Lee, Axis President and CEO.