M&A Deal Summary

Western Energy Services Acquires Savanna Energy Services

On March 9, 2017, Western Energy Services acquired energy services and equipment company Savanna Energy Services for 533M USD

Acquisition Highlights
  • This is Western Energy Services’ 2nd transaction in the Energy Services and Equipment sector.
  • This is Western Energy Services’ largest (disclosed) transaction.
  • This is Western Energy Services’ 2nd transaction in Canada.
  • This is Western Energy Services’ 2nd transaction in Alberta.

M&A Deal Summary
Date 2017-03-09
Target Savanna Energy Services
Sector Energy Services and Equipment
Buyer(s) Western Energy Services
Deal Type Add-on Acquisition
Deal Value 533M USD

Target

Savanna Energy Services

Calgary, Alberta, Canada
Savanna Energy Services Corp. is a provider of drilling, well servicing and oilfield rental services for the oil and gas industry.

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Buyer(S) 1

Buyer

Western Energy Services

Calgary, Alberta, Canada
Category Company
Sector Oil/Gas Exploration
Employees675
Revenue 233M CAD (2023)
DESCRIPTION

Western Energy Services is an oilfield service company which provides contract drilling services through horizon drilling in Canada and stoneham drilling corporation in the United States. Western Energy Services is based in Calgary, Alberta.

DEAL STATS #
Overall 2 of 2
Sector (Energy Services and Equipment) 2 of 2
Type (Add-on Acquisition) 2 of 2
State (Alberta) 2 of 2
Country (Canada) 2 of 2
Year (2017) 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2010-12-01 Pantera Drilling Income Trust

Calgary, Alberta, Canada

Pantera Drilling Income Trust is a provider of oil and gas contract drilling services.

Buy $67M
Mergr

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