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Whitehorn OFS Newsletter – December 11, 2017

OILFIELD SERVICES UPDATE Monday December 11, 2017 News items ended December 10, 2017 Mergers and Acquisitions Calgary, Alberta based Dynacorp Energy Services and Houston, Texas based Energes Oilfield Solutions, LLC are merging to form EnerCorp Sand Solutions, an energy services provider of sand management products and technologies. The merger strengthens the combined company’s balance sheet and pr... Continue Reading

Weekly OFS Newsletter – December 4, 2017

OILFIELD SERVICES UPDATE Monday December 4, 2017 News items ended December 3, 2017 Mergers and Acquisitions Calgary based Noralta Technologies acquired the assets and monitored accounts of Edmonton based Wellsite Automation and Control (WAC). WAC provides oil and gas wellsite monitoring and control services. Noralta will integrate WAC’s clients onto its own host platform and provide additional ser... Continue Reading

Whitehorn OFS Newsletter – November 27, 2017

OILFIELD SERVICES UPDATE Monday November 27, 2017 News items ended November 26, 2017 Mergers and Acquisitions Civeo Corp. (NYSE:CVEO) announced the $367 million acquisition of Noralta Lodge Ltd., a Nisku, AB based accommodations provider to the Canadian oil sands region. The acquisition strengthens Civeo’s workforce accommodations offering with complimentary locations and is expected to generate a... Continue Reading

Weekly OFS Newsletter – November 20, 2017

OILFIELD SERVICES UPDATE Monday November 20, 2017 News items ended November 19, 2017 Mergers and Acquisitions CWC Energy Services Corp. (TSXV:CWC) announced the closing of its $37.5 million cash acquisition of C&J Energy Production Services-Canada Ltd. The assets acquired includes 75 service rigs and 13 swabbing rigs in Alberta, as well as four real estate properties estimated at $15 million.... Continue Reading

Weekly OFS Newsletter – November 13, 2017

OILFIELD SERVICES UPDATE Monday November 13, 2017 News items ended November 12, 2017 Mergers and Acquisitions CWC Energy Services Corp. (TSXV:CWC) announced the closing of its $37.5 million cash acquisition of C&J Energy Production Services-Canada Ltd. The assets acquired includes 75 service rigs and 13 swabbing rigs in Alberta, as well as four real estate properties estimated at $15 million.... Continue Reading

Weekly OFS Newsletter – November 6, 2017

OILFIELD SERVICES UPDATE Monday November 6, 2017 News items ended November 5, 2017 Mergers and Acquisitions Crown Capital Partners Inc. (TSX:CRWN) announced the acquisition of Calgary based PetroWest Corp’s civil division for $29 million. $17.3 million of the total consideration is the assumption of Crown Capital’s loans to PetroWest, which is currently undergoing receivership. Crown Capital has a... Continue Reading

Weekly OFS Newsletter – October 30, 2017

OILFIELD SERVICES UPDATE Monday October 30, 2017 News items ended October 29, 2017 Mergers and Acquisitions CWC Energy Services Corp. (TSXV:CWC) announced the $37.5 million acquisition of 75 service and 13 swabbing rig assets and ongoing operations of C&J Production Services-Canada Ltd. The transaction includes four owned real estate properties in Alberta, estimated to have a value of $15 mill... Continue Reading

Weekly OFS Newsletter – October 23, 2017

OILFIELD SERVICES UPDATE Monday October 23, 2017 News items ended October 22, 2017 Mergers and Acquisitions Source Energy Services Ltd. (TSX:SHLE) announced the USD $80 million acquisition of Preferred Proppants LLC’s Wisconsin mine, two British Columbia frac sand terminals, and exploration rights to 3,600 acres of sand deposits in the Peace River valley, Alberta. The transaction is expected to in... Continue Reading

Weekly OFS Newsletter – October 16, 2017

OILFIELD SERVICES UPDATE Monday October 16, 2017 News items ended October 15, 2017 Mergers and Acquisitions Calgary based INNOVA Global Ltd. acquired the shares of multinational gas turbine auxiliary equipment specialist, Braden, from Texas based Global Power Equipment Group. The acquisition includes Braden Manufacturing LLC (Oklahoma), Consolidated Fabricators (Massachusetts) and Braden-Europe (N... Continue Reading

Weekly OFS Newsletter – October 10, 2017

OILFIELD SERVICES UPDATE Tuesday October 10, 2017 News items ended October 9, 2017   Mergers and Acquisitions Xtreme Drilling Corp. (TSX:XDC) sold four XDR 200 drilling rigs with associated spares and inventory to a private Canadian party for gross proceeds of $9.1 million. The sale is aligned with its strategy to focus on major US resource plays and to enhance liquidity. Calgary based Enform... Continue Reading


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