Southeast Directional Drilling Takes Reins at Frontier Pipeline
Southeast Directional Drilling has acquired the assets of Frontier Pipeline. Financial terms of the acquisition were not disclosed.
"This acquisition represents the first of several anticipated capacity additions planned to meet the growing demands of our customers," said Steve Ugrich, CEO of Southeast Directional Drilling. "We have great financial health and are well-capitalized, and look forward to continuing to broaden our capabilities and influence."
Under terms of the agreement, Frontier Pipeline equipment, other key resources and personnel will be added to Southeast Directional Drilling. Frontier Pipeline CEO Dan Baillargeon will join the Southeast Directional executive team.
"I'm excited to join the Southeast team," said Baillargeon. "I have known the people at Southeast for many years, and have developed tremendous respect for their skilled delivery of critical services and their commitment to customer satisfaction. The combined resources and capacity of Southeast and Frontier will create a powerful company within the HDD market."
"We are pleased to continue the rapid growth of Southeast Directional Drilling," added Ugrich. "Adding the Frontier Pipeline rigs to the Southeast fleet will enable us to continue to provide the highest levels of service that our customers have come to expect. Bringing an effective, experienced operator like Dan to our leadership team will only further strengthen our offering to the HDD market."