M&A Deal Summary |
|
|---|---|
| Date | 2022-07-18 |
| Target | High Arctic Energy Services - Well Servicing Business and Associated Rentals Assets |
| Sector | Energy Services and Equipment |
| Buyer(s) | Precision |
| Sellers(s) | High Arctic Energy Services |
| Deal Type | Divestiture |
| Deal Value | 38M USD |
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| Category | Company |
|---|---|
| Founded | 1951 |
| Sector | Energy Services and Equipment |
| Employees | 5,000 |
| Revenue | 1.9B USD (2023) |
Precision is a provider of safe and environmentally responsible High Performance, High-Value services to the energy industry, offering customers access to an extensive fleet of Super Series drilling rigs. The company has commercialized an industry-leading digital technology portfolio known as “Alpha™” that utilizes advanced automation software and analytics to generate efficient, predictable, and repeatable results for energy customers. Additionally, It offers well-service rigs, camps, and rental equipment all backed by a comprehensive mix of technical support services and skilled, experienced personnel. Precision was incorporated in 1951 and is based in Calgary, Alberta.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Energy Services and Equipment) | 1 of 2 |
| Type (Divestiture) | 1 of 1 |
| State (Alberta) | 1 of 2 |
| Country (Canada) | 1 of 2 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 2 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-09-07 |
CWC
Calgary, Alberta, Canada CWC is a contract drilling and well servicing company operating in the Western Canadian Sedimentary Basin with a complementary suite of oilfield services including drilling rigs, service rigs, coil tubing and well CWC Energy Services is based in Calgary, Canada. |
Buy | $141M |
| Category | Company |
|---|---|
| Founded | 1993 |
| Sector | Energy Services and Equipment |
| Employees | 202 |
| Revenue | 62M CAD (2023) |
High Arctic Energy Services through its subsidiaries, is a global provider of specialized oilfield equipment and services, including drilling, completion and workover operations. High Arctic's new underbalanced drilling technology and equipment is recognized for its ability to improve oil and gas production capabilities and is expected to develop greater acceptance in international markets. High Arctic Energy Services was incorporated in 1993 and is based in Calgary, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 1 |
| Sector (Energy Services and Equipment) | 1 of 1 |
| Type (Divestiture) | 1 of 1 |
| State (Alberta) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2022) | 1 of 1 |
| Size (of disclosed) | 1 of 1 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2007-10-29 |
Optimal Pressure Drilling Services
Calgary, Canada Optimal Pressure Drilling Services, Inc. provides underbalanced drilling ("UBD") services and managed pressure drilling ("MPD") services to the worldwide upstream oil and gas industry. |
Buy | - |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2023-12-28 |
Delta
Red Deer, Alberta, Canada Delta focussed on pressure control equipment and equipment supporting the high-pressure stimulation of oil and gas wells, along with other well site rental equipment. It supports a range of customers including top-tier multi-national and domestic energy producers and their contractors. Delta was formed in 2016 and is based in Red Deer, Alberta. |
Buy | $7M |
