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Trinidad Drilling Ltd. and CanElson Drilling Inc. merger gives scale in ...
CALGARY - Trinidad Drilling Ltd. and CanElson Drilling Inc. announced Thursday a $505-million merger they say will give them much-needed scale in the oilfield services sector.
CanElson, Trinidad Drilling to merge in $505M deal  CBC.ca
Trinidad Drilling acquires CanElson to set stage for oil-price recovery  The Globe and Mail
CanElson to combine with Trinidad
On June 11, Trinidad Drilling Ltd. and CanElson Drilling Inc. announced an combination worth $505 million. However, while the value of the deal is over half a billion dollars, just a small fraction of that will be paid in cash.
Elson McDougald and Lyle Whitmarsh Join MATRRIX
... Inc. ("MATRRIX" or the "Corporation") (TSX-V: MXX) announces that Elson McDougald has rejoined the Board of Directors of the Corporation following the expiry of a Non-Competition Agreement entered into at the time of the sale of CanElson Drilling Inc.
Trinidad Drilling cuts dividend as losses mount despite more job cutting
In its first results since taking over rival CanElson Drilling Inc. in a cash and shares deal in August, Trinidad chopped its quarterly dividend to a penny per share from five cents, a move expected to save $36 million annually.
CanElson acquires Highkelly for $42 mln, boosts rig fleet
CanElson Drilling, Inc. (TSE:CDI), a provider of oilfield services, acquired Highkelly Drilling Ltd., a private Canadian drilling company, for $41.5 million, including debt.
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Former Trinidad Drilling CEO Whitmarsh going to Mattrix Energy Technologies
Mattrix also said that drilling heavyweight Elson McDougald has rejoined its board of directors following the expiry of a non-competition agreement entered into at the time of the sale of CanElson Drilling Inc. that restricted him from any involvement ...
MATRRIX announces its intent to investigate complementary strategic ...
Mr. McDougald is subject to a Non-Competition Agreement entered into at the time of the sale of CanElson Drilling Inc. that restricts him from any involvement in the land-based contract drilling rig business until August 11, 2017.
Mexico emerging as new rival to Canada's oil sands
Canadian companies like Precision Drilling Corp., CanElson Drilling Inc. and Calfrac Well Service Corp. among others, have been active in Mexico, but the business makes up a tiny fraction of their overall businesses.
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Drilling rig numbers down by about half in just one month
All 13 former CanElson rigs (now part of Trinidad Drilling as of Aug. 11), were reported ... Similarly, all Advance, Akita, Alliance, Crusader, Lasso, Nabors, Quinn, Quintera, Red Dog, Tempco, Vortex and Xtreme drilling rigs reported in Saskatchewan ...
Hyduke execs resign: This week's HR news
MATRRIX Energy Technologies Inc. has announced Elson McDougald's rejoining the board of directors after a non-competition agreement at the time of the sale of CanElson Drilling Inc. restricting him from involvement in the land-based contract drilling ...