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Archer ( (ARHVF) ) just unveiled an announcement.
Archer has completed the sale of its workover business in southern Argentina’s Chubut and Santa Cruz provinces, divesting 12 workover rigs, 12 pulling units and around 750 employees, a unit that generated about USD 27 million in revenue in the last quarter of 2025. The undisclosed-price transaction is part of Archer’s strategy to streamline its land drilling portfolio and pivot capital and operational focus toward its expanding operations in the unconventional Vaca Muerta shale, where the company recently secured an estimated $600 million contract with YPF and expects the divestment to strengthen its growth prospects and backlog concentration in that core region.
More about Archer
Archer is an oilfield services company with a significant land drilling and workover presence in Argentina, focusing increasingly on unconventional drilling and workover operations in the Vaca Muerta shale field in partnership with key operators such as YPF.
Average Trading Volume: 203,763
Current Market Cap: NOK2.38B
Find detailed analytics on ARHVF stock on TipRanks’ Stock Analysis page.