M&A Deal Summary

Trinidad Drilling Acquires CanElson Drilling

On June 11, 2015, Trinidad Drilling acquired oil/gas exploration company CanElson Drilling for 505M USD

Acquisition Highlights
  • This is Trinidad Drilling’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Trinidad Drilling’s largest (disclosed) transaction.
  • This is Trinidad Drilling’s 1st transaction in Canada.
  • This is Trinidad Drilling’s 1st transaction in Alberta.

M&A Deal Summary

Date 2015-06-11
Target CanElson Drilling
Sector Oil/Gas Exploration
Buyer(s) Trinidad Drilling
Deal Type Add-on Acquisition
Deal Value 505M USD
Advisor(s) Peters & Co. Ltd.
Lightyear Capital, Inc. (Financial)

Target

CanElson Drilling

Calgary, Alberta, Canada
website
CanElson Drilling, Inc. engages in operating a land-based contract drilling rigs in Canada, the US and Mexico for oil and natural gas exploration and development companies. CanElson also operates a compressed natural and raw gas transportation related services business.

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Buyer(S) 1

Buyer

Trinidad Drilling

Calgary, Alberta, Canada

website


Category Company
Founded 1996
Sector Oil/Gas Exploration
Revenue 502M CAD (2017)
DESCRIPTION

Trinidad Drilling combines high-performance people, equipment and manufacturing to unlock reserves for energy producers in North America and overseas. Trinidad's divisions operate in the drilling and barge-drilling sectors of the North American oil and natural gas industry with operations in Canada and the United States. Trinidad is focused on providing modern, reliable, expertly designed equipment operated by well-trained and experienced personnel. Trinidad's drilling fleet is one of the most adaptable, technologically advanced and competitive in the industry. The company was founded in 1996 and is headquartered in Calgary, Canada.


DEAL STATS #
Overall 1 of 2
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Alberta) 1 of 1
Country (Canada) 1 of 1
Year (2015) 1 of 1
Size (of disclosed) 1 of 2
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-28 RigMinder Operating

The Woodlands, Texas, United States

RigMinder Operating LLC is a technology company that provides of products include three distinct revenue platforms: RigMinder Criterion, a directional drilling guidance system with proven ability to optimize trajectory, reduce drilling costs and ultimately improve production for customers; RigMinder electronic data recorder (EDR) which monitors the functionality of the drilling rig operations, capturing near real-time drilling data that can be analyzed remotely to optimize performance; and finally, the ability to independently integrate and operate downhole tools.

Buy $30M