Investment Summary

Tier 1 Energy Solutions Invests In Winterhawk Well Abandonment

On February 28, 2020, Tier 1 Energy Solutions invested in energy services and equipment company Winterhawk Well Abandonment

Investment Highlights
  • This is Tier 1 Energy Solutions’ 1st transaction in the Energy Services and Equipment sector.
  • This is Tier 1 Energy Solutions’ 2nd transaction in Canada.
  • This is Tier 1 Energy Solutions’ 2nd transaction in Alberta.

Investment Summary
Date 2020-02-28
Target Winterhawk Well Abandonment
Sector Energy Services and Equipment
Investor(s) Tier 1 Energy Solutions
Deal Type Stake Purchase

Target

Winterhawk Well Abandonment

Calgary, Alberta, Canada
Winterhawk Well Abandonment has developed a proprietary polymer-modified asphalt-mechanical well abandonment plug. This technology provides the means to simultaneously provide a high integrity seal in the wellbore and eliminate micro annular surface casing vent flow (SCVF) leakage outside of the wellbore. Winterhawk has also developed a mechanical SCVF diagnostic tool that will aid in the locating of the source outside the well casing.

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Investor(S) 1

Investor

Tier 1 Energy Solutions

Edmonton, Alberta, Canada
Category Company
Founded 2013
Sector Energy Services and Equipment
DESCRIPTION

Tier 1 Energy Solutions provides a range of wireline and associated completions support services and designs and manufactures completions and production products. Tier 1 Energy Solutions was founded in 2013 and is based in Edmonton, Alberta.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 1 of 1
Type (Stake Purchase) 1 of 1
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2020) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-11-10 Avenger Oil Tools

Calgary, Alberta, Canada

Avenger Oil Tools Ltd. is a Canadian owned private service company. It specialize in downhole completion tools, drilling tools and services. Our complete line of completion equipment, products and services allows us to focus on innovative and cost effective solutions for customer specific requirements .

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