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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 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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