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Slide #55. Calfrac Well Services Ltd. — Operating assets of Mission Well Services, LLC
Calfrac Well Services Ltd. (TSE:CFW.CA)
Operating assets of Mission Well Services, LLC
Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) is pleased to announce that it has completed the previously announced acquisition of all of the operating assets of Mission Well Services, LLC ("Mission"), a privately-held hydraulic fracturing and coiled tubing services provider focused in the Eagle Ford shale region of Texas (the "Mission Asset Acquisition"). Under the terms of the asset purchase agreement in connection with the Mission Asset Acquisition, the total purchase price was approximately US$147 million, which included certain working capital associated with the ongoing operations of the business. The purchase price is subject to certain post-closing adjustments related to inventory verifications and equipment inspections.
Calfrac Well Services is engaged in providing specialized oilfield services, including fracturing, coiled tubing, cementing and other well stimulation and completion services which are designed to increase the production of hydrocarbons from wells to the oil and natural gas industries. Co.'s operations are mainly in Canada, the United States, Russia, Mexico and Argentina.
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