The Energy Resources Conservation Board of Alberta (ERCB) has officially released the updated version of the Directive 50: Drilling Waste Management (D50). Last updated in 1996, the ERCB D50 is used to outline the principles and expectations for the disposal of waste generated during oilfield subsurface drilling activities. The ultimate goal of the D50 is to protect the environment and return the disposal site and any affected areas to an equivalent land capacity of its pre-disturbance condition. Click here to get more information.
Secure Energy Services Inc. ("Secure" or the "Corporation") (TSX – SES) today announced financial and operational results for the three months and year ended December 31, 2011. Click here to read the full press release.
Secure Energy Services Inc. ("Secure" or the"Corporation") (TSX – SES) announced today that it has expanded its existing syndicated credit facility (“Syndicated Facility”) to $200 million through the exercise of the $50 million accordion feature. All members of the existing syndicate consisting of six financial institutions and Canadian chartered banks participated in the expansion of the Syndicated Facility. There were no changes to the terms of underlying syndicated credit agreement previously announced on August 4, 2011. Click here to read the full press release.
Marquis Alliance Energy Group Inc. (“Marquis Alliance”), a subsidiary company of Secure Energy Services Inc. ("Secure" or the "Corporation") (TSX – SES) announced today that it has completed the previously announced acquisition of the operating assets (excluding working capital) of New West Drilling Fluids Inc. (“NWDF”) for an aggregate cash purchase price of $3.4 million. Click here to read the full press release.
Marquis Alliance Energy Group Inc. (“Marquis Alliance”), a subsidiary of Secure Energy Services Inc. ("Secure" or the "Corporation") (TSX – SES) announced today that it has entered into an agreement to acquire the operating assets (excluding working capital) of New West Drilling Fluids Inc. (“NWDF”) for an aggregate cash purchase price of $3.4 million, subject to certain customary closing adjustments. Closing is expected to occur on January 25, 2012, subject to certain customary closing conditions. Click here to read the full press release.