- CWC Energy Services Corp. (CWC) has acquired three high-spec AC triple drilling rigs and critical spare components, including all related and ancillary equipment and inventory for C$9.6 million
- CWC’s US presence expands, growing on the 12 active drilling rigs in the U.S. to 15
- CWC Energy Services Corp. is a Canadian based oilfield services company provides drilling and production services to oil and gas exploration and development companies throughout the Western Canadian Sedimentary Basin (WCSB)
- CWC Energy Services was 20 per cent higher on the day, trading at C$0.27 a share
CWC Energy Services (CWC) subsidiary CWC Energy Services (USA) has acquired three high-spec AC triple drilling rigs for C$9.6 million.
The company’s President, and Chief Executive Officer, Duncan Au, stated that this acquisition expands CWC’s US presence, growing the 12 active drilling rigs in the U.S. to 15. The company’s total active drilling fleet increases to 22 drilling rigs, comprised of seven conventional heavy double drilling rigs in Canada, eight AC triple, five DC triple, and two conventional heavy double drilling rigs in the U.S.
“These high-spec AC triple drilling rigs will build upon our platform for meaningful shareholder value creation and growth opportunities by servicing our existing and future E&P customers with the most relevant fleet of environmentally friendly, high-spec drilling equipment for the longer depths and horizontal reaches of select U.S. basins utilizing the highest quality people in the industry, delivering the highest quality service to our customers.”
CWC Energy Services Corp. is a Canada-based oilfield services company that provides drilling and production services to oil and gas exploration and development companies throughout the Western Canadian Sedimentary Basin (WCSB).
CWC Energy Services was 20 per cent higher on the day, trading at C$0.27 a share.