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 services. Noralta will integrate WAC’s clients onto its own host platform and provide additional service ... Read More>


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 annual synergies of $10 million by 2019. Read More>


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. Financing Source Energy Services Ltd. (TSX:SHLE) completed its $93.8 million public and private offerings of common shares. Read More>