M&A Deal Summary

CanElson Drilling Acquires Highkelly Drilling

On December 6, 2013, CanElson Drilling acquired oil/gas exploration company Highkelly Drilling for 42M USD

Acquisition Highlights
  • This is CanElson Drilling’s 1st transaction in the Oil/Gas Exploration sector.
  • This is CanElson Drilling’s largest (disclosed) transaction.
  • This is CanElson Drilling’s 3rd transaction in Canada.
  • This is CanElson Drilling’s 1st transaction in Alberta.

M&A Deal Summary
Date 2013-12-06
Target Highkelly Drilling
Sector Oil/Gas Exploration
Buyer(s) CanElson Drilling
Deal Type Add-on Acquisition
Deal Value 42M USD

Target

Highkelly Drilling

Calgary, Alberta, Canada
Highkelly owns and operates two new AC electric triple drilling rigs in the Montney liquids rich natural gas resource play of northeast British Columbia.

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Buyer(S) 1

Buyer

CanElson Drilling

Calgary, Alberta, Canada

website

Category Company
Sector Oil/Gas Exploration
Employees1,000
DESCRIPTION

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.

DEAL STATS #
Overall 3 of 3
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 3 of 3
State (Alberta) 1 of 1
Country (Canada) 3 of 3
Year (2013) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-01-14 Eagle Drilling Services

Carlyle, Saskatchewan, Canada

Eagle Drilling Services Ltd. ("Eagle"), a private corporation which owns 8 telescopic double drilling rigs in the Bakken area of southeast Saskatchewan.

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