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Slide #56. Calfrac Well Services Ltd. — Mission Well Services, LLC
Calfrac Well Services Ltd. (TSE:CFW.CA)
Mission Well Services, LLC
Calfrac Well Services Ltd. ("Calfrac") (TSX-CFW) and Mission Well Services, LLC ("Mission") are pleased to announce that they have entered into a definitive agreement (the "Agreement") pursuant to which Calfrac has agreed to acquire all of the operating assets of Mission (the "Assets"), a privately-held hydraulic fracturing and coiled tubing services provider focused in the Eagle Ford shale region of Texas (the "Acquisition"). Under the terms of the Agreement, Calfrac's total purchase price will be approximately US$147 million, which includes approximately US$7 million of working capital associated with the ongoing operations of the business.
Calfrac Well Services is engaged in providing specialized oilfield services, including hydraulic fracturing, coiled tubing, cementing and other well completion services to the oil and natural gas industries in Canada, the United States, Russia and Argentina.
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