SK Capital-backed Foremark completed the acquisition of NexGen from Black Bay Energy.

SK Capital-backed Foremark, a technology-driven in natural gas sweetening formulations and the production of chemical building blocks used in numerous end products, completed the acquisition of NexGen, a forward-thinking company that takes a non-traditional approach to oilfield chemistry and applications, from Black Bay, a private equity firm. Financial terms were not disclosed. “We see tremendous growth potential ahead driven by ongoing industry efforts to expand sour gas production in a safe, cost-effective and sustainable way.” Chris Williamson, NexGen CEO.