RED DEER, ALBERTA–Jewel Energy Service Inc. is pleased to announce the closing of the acquisition of all the coil tubing, nitrogen and fluid pumping assets of Sabre Well Servicing based out of Grande Prairie, Alberta effective June 17, 2016.
Jim McQuarrie, President and CEO of Jewel commented; “This acquisition allows Jewel to expand its geographic footprint into northern Alberta with proven assets and people. More importantly, it gives us the equipment to expand our service offerings to our customers to include acidizing and remedial cementing. We believe that in the current market conditions, maintaining production is very important to the success of E&P companies. Jewel’s technology in the acid business is second to none, as our packages have a proven history of success.”
Jewel plans on continuing to add good assets and people through M&A. We believe that consolidation is necessary in these uncertain times in the service business and to continue Jewel Energy’s growth plans.
About Jewel Energy Service Inc.
With Head Office in Red Deer, Alberta, Sales office in Calgary and branch offices in Red Deer and Grande Prairie, Alberta and Arcola, Saskatchewan; Jewel Energy Service is focused on helping customers solve their well problems using coiled tubing deployment technologies. Whether working on new wells or producing wells, our team has the experience, equipment and support infrastructure required to get the job done safely and efficiently. Our preferred approach to projects is to work with our customers from the planning phase through execution to ensure operational success.
Jewel Services include:
- Conventional & Coil Tubing Acidizing
- Remedial & Abandonment Cement Services
- Coil Tubing Frac Assist
- Complete Nitrogen Services
- Wax, hydrocarbon and hydrate plug removal
- Plug or packer setting
- Scale removal
- Sliding sleeve operation & milling
- Specialty Solvent Packages
For further information about this acquisition or Jewel services contact:
President and CEO
Phone: (403) 347-7764
Technical Sales Manager
Phone: (403) 206-3052