Little Red Services (“LRS”) is a leading provider of oil field services on the North Slope of Alaska. Headquartered in Anchorage, Alaska, the Company provides “hot-oil” (heated fluid) and pressure pumping services to well operators, principally BP Exploration Alaska and ConocoPhillips. Hot-oil pumping services are essential to maintaining North Slope oil production by clearing accumulations of ice, paraffin, and asphaltene in well tubular and surface equipment. LRS is the largest provider of clean fluid pressure pumping services on the North Slope with a specialized fleet of mobile hot-oil pumping units that are specifically designed for arctic operations.
In early 2008, Endeavour partnered with the management team and a regional advisory firm to purchase the Company from its founder and principal owner, who retired from the business at closing to serve as a non-executive member of the Board.
Endeavour and the other shareholders sold the business in 2014 to a strategic buyer.