Western Energy Services
Western Energy Services Corp. is an oilfield service company operating in Canada and the United States. The company offers contract drilling services primarily through its subsidiaries, Horizon Drilling and Stoneham Drilling Corporation. In addition to drilling, Western provides well servicing through Eagle Well Servicing and rental services via Aero Rental Services. Its operations are divided into two main segments: contract drilling and production services. The contract drilling segment supplies drilling rigs and ancillary equipment to crude oil and natural gas exploration and production companies, while the production services segment encompasses well servicing rigs, related equipment, and oilfield rental equipment. The majority of the company’s revenue is generated from its contract drilling operations.
Top Stages
3 past transactions
IROC Energy Services
Acquisition in 2013
IROC Energy Services Corp., an oilfield services company, provides a range of products, services, and equipment to the oil and gas industry in western Canada. It operates in two segments, Drilling and Production Services and Rental Services. The Drilling and Production Services segment contracts service rigs to oil and gas companies to perform various completion, production, workover, abandonment, and maintenance services on producing oil and natural gas wells.
Stoneham Drilling
Acquisition in 2011
Stoneham Drilling Trust specializes in providing contract drilling services primarily to oil and natural gas exploration and production companies. Operating mainly in the western Canada Sedimentary Basin and select basins in the United States, the company designs and manufactures advanced drilling rigs. These rigs incorporate various innovative features, including walking systems, a 7500 psi circulating system, AC power, top drive technology, automated pipe handling, and hydraulic substructure leveling. Stoneham Drilling Trust’s focus on technological advancement enhances the efficiency and effectiveness of its drilling operations, catering to the evolving needs of the energy sector.
Cedar Creek Drilling
Acquisition in 2010
Cedar Creek Drilling Ltd. is a privately held company which owns and operates oil and natural gas drilling rigs.
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