https://www.shaledirectories.com/blog/canadian-drilling-firms-akita-xtreme-to-merge/
Monday, June 11, 2018
Canadian Drilling Firms Akita, Xtreme To Merge
Drilling firms Akita Drilling Ltd. and Xtreme Drilling Corp. agreed to merge in a business combination valued at roughly C$209 million, the Calgary, Alberta-based companies said in a joint press release on June 5. The combined company will operate under the Akita name and have a fleet of 44 high-spec drilling rigs with operations in several major resource basins in the U.S. and Canada. Xtreme has a strong operating history and rig technology credentials in the U.S., which Akita said will give it immediate scale in the U.S. market including the Permian Basin, where it recently expanded.
Subscribe to:
Post Comments (Atom)
Oil Prices Climb as U.S., North Korean Leaders Hold Historic Talks
ReplyDeleteCapitalstars
This comment has been removed by the author.
ReplyDelete