Precision Drilling Entered Into Swap Agreement

Transaction Type

Sellers

Precision Drilling Corp.

Buyers

Essential Energy Services Ltd.

Announce Date

Tue, 12/13/2016 - 12:00 PM

Post Date

Dec 19, 2016

Close Date

Mon, 12/19/2016 - 12:00 PM

Estimated Price

0MM

Description

Acquired Precision's Canadian coil tubing operations in exchange for its service rig business and C$12 MM cash payment.

Precision Drilling Entered Into Swap Agreement

Essential Energy Services Closes Acquisition Of Precision Drilling’s Coil Tubing