Total Energy Services Completes Acquisition of Oilpatch Rentals
Total Oilfield Rentals, a division of Total Energy Services Ltd., has completed the acquisition of the oilfield drilling and production rental equipment and trucking assets of Oilpatch Rentals Ltd. for $9.4 million cash. The effective date of the acquisition was December 1, 2007.
Based in Fort St. John, British Columbia, Oilpatch Rentals has been in business since 2003 and provides quality surface drilling and production rental equipment and oilfield transportation services to oil and natural gas companies operating in northeastern British Columbia. The purchased assets include approximately 375 pieces of rental equipment and five heavy trucks. With the addition of the Oilpatch Rentals' assets, Total Oilfield Rentals currently owns approximately 3,875 pieces of rental equipment and 71 heavy trucks. Total Oilfield Rentals operates out of 15 branch locations throughout Western Canada.
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