M&A Deal Summary |
|
|---|---|
| Date | 2015-06-11 |
| Target | CanElson Drilling |
| Sector | Oil/Gas Exploration |
| Buyer(s) | Trinidad Drilling |
| Deal Type | Add-on Acquisition |
| Deal Value | 505M USD |
| Advisor(s) | Peters & Co. Ltd. Lightyear Capital, Inc. (Financial) |
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| Category | Company |
|---|---|
| Founded | 1996 |
| Sector | Oil/Gas Exploration |
| Revenue | 502M CAD (2017) |
Trinidad Drilling combines high-performance people, equipment and manufacturing to unlock reserves for energy producers in North America and overseas. Trinidad's divisions operate in the drilling and barge-drilling sectors of the North American oil and natural gas industry with operations in Canada and the United States. Trinidad is focused on providing modern, reliable, expertly designed equipment operated by well-trained and experienced personnel. Trinidad's drilling fleet is one of the most adaptable, technologically advanced and competitive in the industry. The company was founded in 1996 and is headquartered in Calgary, Canada.
| DEAL STATS | # |
|---|---|
| Overall | 1 of 2 |
| Sector (Oil/Gas Exploration) | 1 of 1 |
| Type (Add-on Acquisition) | 1 of 2 |
| State (Alberta) | 1 of 1 |
| Country (Canada) | 1 of 1 |
| Year (2015) | 1 of 1 |
| Size (of disclosed) | 1 of 2 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2017-08-28 |
RigMinder Operating
The Woodlands, Texas, United States RigMinder Operating LLC is a technology company that provides of products include three distinct revenue platforms: RigMinder Criterion, a directional drilling guidance system with proven ability to optimize trajectory, reduce drilling costs and ultimately improve production for customers; RigMinder electronic data recorder (EDR) which monitors the functionality of the drilling rig operations, capturing near real-time drilling data that can be analyzed remotely to optimize performance; and finally, the ability to independently integrate and operate downhole tools. |
Buy | $30M |
