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Weekly OFS Newsletter – August 21, 2017

OILFIELD SERVICES UPDATE Monday August 21, 2017 News items ended August 20, 2017   Mergers and Acquisitions Gibson Energy Inc. (TSX:GEI) is being pressured to proceed with additional asset sales by its largest shareholder, M&G Investment Management Ltd. The privately-owned investment manager, who owns 19.4% of Gibson, intends to position the remaining oil-storage business as an attractive... Continue Reading

Weekly OFS Newsletter – August 14, 2017

OILFIELD SERVICES UPDATE Monday August 14, 2017 News items ended August 13, 2017 Mergers and Acquisitions Nabors Industries Inc. (NYSE:NBR) announced the USD $223 million all-stock acquisition of Tesco Corporation (NASDAQ:TESO). This transaction combines Tesco’s rig equipment manufacturing, rental and aftermarket services business with Nabor’s existing rig equipment business subsidiary, Canrig. Hu... Continue Reading

Weekly OFS Newsletter – August 8, 2017

OILFIELD SERVICES UPDATE Tuesday August 8, 2017 News items ended August 7, 2017   Mergers and Acquisitions Secure Energy Services Inc. (TSX:SES) has completed its $37 million acquisition of Ceiba Energy Services Inc. (TSXV:CEB), a provider of water disposal and oil treating facilities in western Canada. The acquisition was financed with $35.5 million in cash and common share issuance. Enerflex Ltd... Continue Reading

Weekly OFS Newsletter – July 31, 2017

OILFIELD SERVICES UPDATE Monday July 31, 2017 News items ended July 30, 2017   Mergers and Acquisitions Select Energy Services Inc. acquired Rockwater Energy Solutions Inc., a North American water management solutions provider in a stock-for-stock transaction worth $652 million. Upon closing, Select’s shareholders will own 64.4% and Rockwater’s shareholders will own 36.6% of the combined company.... Continue Reading

Weekly OFS Newsletter – July 17, 2017

OILFIELD SERVICES UPDATE Monday July 17, 2017 News items ended July 16, 2017   Mergers and Acquisitions Cooper Equipment Rentals Limited, a leading Canadian equipment rental company owned by Halifax-based SeaFort Capital, has acquired Alberta Lift and Equipment Rentals Inc. Alberta Lift is an equipment rental company focusing on aerial equipment and servicing Southern Alberta. Halliburton Company... Continue Reading

Weekly OFS Newsletter – July 3, 2017

OILFIELD SERVICES UPDATE Monday July 3, 2017 News items ended July 2, 2017   Mergers and Acquisitions Edmonton and Drumheller based CSM Compressor Suppliers & Machine Work Ltd. has been successfully acquired by Swiss based Burckhardt Compression Holding AG, with the assistance of Whitehorn Merchant Capital Inc. The acquisition expands Burckhardt’s presence in the upstream and downstream market... Continue Reading

Weekly OFS Newsletter – June 26, 2017

OILFIELD SERVICES UPDATE Monday June 26, 2017 News items ended June 25, 2017   Financing Alberta Midland Railway Terminals Ltd. successfully raised CAD $25 million in growth financing from a lender and equity investors, with the assistance of Whitehorn Merchant Capital Inc. The proceeds will be used to construct a railcar logistics facility in Lamont County, Alberta. Total Energy Services Inc. (TS... Continue Reading

Weekly OFS Newsletter – June 12, 2017

OILFIELD SERVICES UPDATE Monday June 12, 2017 News items ended June 11, 2017   Mergers and Acquisitions Ceiba Energy Services Inc. (TSXV:CEB) announces that Ceiba and SECURE Energy Services Inc. have entered into an amended and restated arrangement agreement where holders of the unsecured, convertible debentures of Ceiba will receive $1,215 for each $1,000 principal amount of Debentures. SECURE wi... Continue Reading

Weekly OFS Newsletter – June 5, 2017

OILFIELD SERVICES UPDATE Monday June 5, 2017 News items ended June 4, 2017   Mergers and Acquisitions British based Ensco plc (NYSE:ESV) is acquiring Houston based Atwood Oceanics Inc. (NYSE:ATW) in an all-stock transaction for $839 million. Atwood shareholders will receive 1.60 shares of Ensco valued at $10.72 per Atwood share, with expected pre-tax synergies of $65 million 2019 and beyond. Finan... Continue Reading

Weekly OFS Newsletter – May 29, 2017

OILFIELD SERVICES UPDATE Monday May 29, 2017 News items ended May 28, 2017   News Petrowest Corporation (TSX:PRW) announced a $12.0 million bridge loan from Crown Capital Partners Inc. (TSX:CRWN) to provide additional financial flexibility during its non-core asset disposition efforts. The interest rate for the bridge loan is 12% per annum, maturing on November 30, 2017.  ... Continue Reading


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