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M&A Deal Summary

CanElson Drilling Acquires Totem Drilling

On June 9, 2010, CanElson Drilling acquired energy services and equipment company Totem Drilling

Acquisition Highlights
  • This is CanElson Drilling’s 1st transaction in the Energy Services and Equipment sector.
  • This is CanElson Drilling’s 1st transaction in Canada.
  • This is CanElson Drilling’s 1st transaction in Saskatchewan.

M&A Deal Summary
Date 2010-06-09
Target Totem Drilling
Sector Energy Services and Equipment
Buyer(s) CanElson Drilling
Deal Type Add-on Acquisition

Target

Totem Drilling

Carnduff, Saskatchewan, Canada

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Buyer(S) 1

Buyer

CanElson Drilling

Calgary, Alberta, Canada
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 1 of 3
Sector: Energy Services and Equipment M&A 1 of 2
Type: Add-on Acquisition M&A Deals 1 of 3
State: Saskatchewan M&A 1 of 2
Country: Canada M&A 1 of 3
Year: 2010 M&A 1 of 1
FOLLOWING 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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