Tier 1 Energy Solutions Takes Minority Stake in Winterhawk Well Abandonment Ltd.
February 28, 2020
Tier 1 Energy Solutions Inc. has agreed to acquire a minority equity interest in Winterhawk Well Abandonment Ltd., a developer of a patented controlled casing expansion technology for environmentally responsible oil and gas well abandonment. The companies also entered an operating agreement under which Tier 1 will provide deployment support services and wireline diagnostics to aid commercialization and field deployment of Winterhawk's technology.
- Buyers
- Tier 1 Energy Solutions Inc.
- Targets
- Winterhawk Well Abandonment Ltd.
- Industry
- Oil & Gas
- Location
- Canada
- Transaction Type
- Growth capital
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