By November 25, 2017 0 Comments Read More →

Red Deer’s Predator Drilling expands into Permian Basin, buys Midland Texas competitor

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Alberta drilling rig Nabors photo. Predator Drilling acquiring Midland, Texas company.

Assets include six, one thousand horsepower single drilling rigs

Predator Drilling LLC, a subsidiary of Predator Drilling Inc. of Red Deer, Alberta, has acquired all assets of J. B. Hunt Gas and Oil Drilling of Midland, Texas in an all equity transaction.

The experience and successful business practices of the J. B. Hunt family will be utilized to “enhance and elevate Predator Drilling to even greater prominence in the drilling industry,” the Alberta company said in a press release.

Since 2008, Predator has a successful track record, growing from five rigs to an international fleet of thirty-one rigs.

“This is a milestone day for Predator Drilling. Our core values align with the business culture of J.B. Hunt Gas and Oil Drilling and we are excited to have members of the J.B. Hunt family join the Predator team,”┬ásaid CEO Shane Walper.

“The performance of Predator Drilling and the dedication to safety and environmental standards are second to none. This acquisition enhances Predator’s integrated service model and extends our reach in the Permian Basin.”

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Predator Drilling says the acquisition of J. B. Hunt Gas and Oil Drilling assets will expand its foot-print and drilling depth capacity in the Permian Basin.

The assets include six, one thousand horsepower (HP) single drilling rigs, equipped with state of the art automation and safety systems.

Predator’s broad inventory of unique and specialized equipment, enhanced by its world-class safety processes and predictive maintenance programs, are key to the expansion in the Permian Basin.

“Our teams’ determination, perseverance and pride, along with the progressive attitude of our clients in the energy sector has allowed for exponential growth; we have increased our fleet in Texas from one rig to ten since September 2016. We are excited for the opportunities this acquisition will present and look forward to building greatness together,” concluded Walper.

Posted in: Energy Financial

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