M&A Deal Summary

Secure Energy Services Acquires Emerge Oil & Gas - Silverdale Crude Oil and Emulsion Facility

On September 30, 2011, Secure Energy Services acquired energy services and equipment company Emerge Oil & Gas - Silverdale Crude Oil and Emulsion Facility from Emerge Oil & Gas for 18M USD

Acquisition Highlights
  • This is Secure Energy Services’ 3rd transaction in the Energy Services and Equipment sector.
  • This is Secure Energy Services’ 8th largest (disclosed) transaction.
  • This is Secure Energy Services’ 4th transaction in Canada.
  • This is Secure Energy Services’ 4th transaction in Alberta.

M&A Deal Summary

Date 2011-09-30
Target Emerge Oil & Gas - Silverdale Crude Oil and Emulsion Facility
Sector Energy Services and Equipment
Buyer(s) Secure Energy Services
Sellers(s) Emerge Oil & Gas
Deal Type Divestiture
Deal Value 18M USD

Target

Emerge Oil & Gas - Silverdale Crude Oil and Emulsion Facility

Lloydminster, Alberta, Canada
Emerge Oil & Gas - Silverdale Crude Oil and Emulsion Facility comprises crude oil unload risers, tankage, two heavy oil treaters, two disposal wells, and a connected pipeline. The asset is located in Lloydminster, Canada.

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Buyer(S) 1

Buyer

Secure Energy Services

Calgary, Alberta, Canada

Category Company
Founded 2007
Sector Oil/Gas Exploration
Employees1,847
Revenue 8.2B CAD (2023)
DESCRIPTION

Secure Energy Services is a energy services company that focuses on providing specialized services to upstream oil and natural gas companies operating in the Western Canadian Sedimentary Basin. Secure Energy Services was incorporated in 2007 and is based in Calgary, Canada.


DEAL STATS #
Overall 4 of 9
Sector (Energy Services and Equipment) 3 of 7
Type (Divestiture) 2 of 2
State (Alberta) 4 of 8
Country (Canada) 4 of 8
Year (2011) 3 of 3
Size (of disclosed) 8 of 9
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2011-06-06 XL Fluid Systems

Calgary, Alberta, Canada

XL Fluids is an energy services company that specializes in the supply and development of drilling fluids and drilling fluid systems. Company operates in Saskatchewan, Alberta, British Columbia and Manitoba. XL Fluids has a market share of approximately 25% in Saskatchewan combined with significant exposure to horizontal drilling activity associated with the Cardium, Viking, Elkton and Bluesky formations in Alberta.

Buy $37M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2013-04-01 Frontline Integrated Services

Calgary, Alberta, Canada

Frontline is an integrated service provider servicing the energy, resource, and civil construction industries in Western Canada. Their core services include pipeline integrity (including inspection, excavation, repair, replacement and rehabilitation); remediation and reclamation; demolition and decommissioning.

Buy $23M

Seller(S) 1

SELLER

Emerge Oil & Gas

Calgary, Alberta, Canada

Category Company
Sector Oil/Gas Exploration
DESCRIPTION

Emerge Oil & Gas, Inc. engages in the acquisition, exploration, development, and production of oil and natural gas reserves in western 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 (2011) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-11-30 Provident Energy Trust

Alberta, Canada

Provident Energy Trust is a provider of Oil and Natural Gas Assets in Lloydminster Area.

Buy $87M