The Dallas-based company is backed by New York-based The Blackstone Group LP.
Since joining in 2005, Sanders has been instrumental in all of the company's active development programs and major acquisitions.
Participants in Hart Energy’s market intelligence survey have not seen a slowdown from lower commodity prices yet, though service companies have grown cautious in their outlook.
A revised agreement boosts the per-unit value to holders of Access Midstream Partners LP by about $1.02, the companies said in a joint statement Oct. 26.
The acquisition included 148,250 hp of hydraulic fracturing equipment.
The partnership will pair Schramm's technology leadership and technical expertise with FEMCO's local presence and extensive experience in oilfield equipment repair and applications support.
The acquired assets will supplement Patterson-UTI's existing Texas-based pressure pumping operations.
The move comes as Shell continues to dismantle some domestic holdings and mature dry gas assets while acquiring others.
Shell sold its Pinedale asset in Wyoming for $925 million and 155,000 acres in Pennsylvania’s Marcellus and Utica shales, and in a separate deal will sell its Louisiana Haynesville assets for 1.2 billion.
Blackstone would pay about $1.2 billion for Shell’s half- interest in the Haynesville formation,according to a person familiar with the matter.