CALGARY, Sept. 12, 2011 /CNW/ - Axis Energy Services Holding Inc.
("Axis") announced today its sale to Precision Drilling Corporation
("Precision"). Axis provides directional drilling and MWD services,
primarily in Western Canada. Axis was formed in 2006 and has
approximately 70 employees.
"The sale to Precision is an important step in our strategy to grow
Axis' directional drilling services in Western Canada with Precision's
high performance, high value drilling rigs," said Sheldon Marcotte,
President of Axis Energy Services."
Murray Rothlander, CEO of Axis Energy Services added, "We believe we
have the highest quality directional drilling and MWD employees in
Western Canada and are very excited to become part of the Precision
In connection with the sale, AltaCorp Capital Inc. acted as the
exclusive financial advisor to Axis Energy Services.
About Axis Energy Services Holding Inc.
Founded in 2006, Axis has assembled a company composed of directional
drilling specialists which includes; highly experienced in-house
operational support, advanced well planning, selected field supervision
and industry-leading directional equipment. Axis specializes in a range
of drilling solutions - from straight hole performance drilling to
fully crewed extended-reach horizontal drilling.
Axis Energy Services has established a great reputation for reliability,
performance, and excellent service with numerous oil and gas companies
in Western Canada and the U.S. Our customers have come to rely on Axis
to consistently steer their wells to target in the most economical and
efficient manner, regardless of down-hole environment. For more
information please visit www.axisenergyservices.com.
About AltaCorp Capital Inc.
AltaCorp Capital Inc. is Canada's newest institutional financial
advisory firm. AltaCorp offers a full spectrum of value-added financial
and advisory services to corporations in varied stages of development,
including Corporate Mergers & Acquisitions; Equity Financing; Asset
Acquisitions & Divestitures; Institutional Sales & Trading; and
Institutional Equity Research. AltaCorp is in a strategic relationship
with ATB Financial (ATB), a full-service financial institution
headquartered in Edmonton, Alberta. ATB is the largest Alberta-based
financial institution, with assets over $26.5 billion and 5,000
Associates across the province. AltaCorp focuses on the key drivers of
the Western Canadian economy and the overlapping subsectors of Energy,
Agri-Industry, and Diversified Industries. Together, AltaCorp and ATB
Financial provide clients full service solutions for all their
corporate finance and advisory needs. AltaCorp Capital Inc. is a member
of the Investment Industry Regulatory Organization of Canada and the
Canadian Investor Protection Fund. For more information, visit www.altacorpcapital.com.
SOURCE AltaCorp Capital Inc.
For further information:
Brookline Public Relations