Secure Energy Services Inc. has completed two tuck-in acquisitions, providing the Corporation with a strategic midstream footprint in one of the largest crude oil storage and trading hubs in North America. The Corporation has acquired a 27% interest in a crude oil storage facility comprised of four above-ground 175,000 bbl tanks located in Cushing, Oklahoma, and a 51% interest in an 80-acre parcel of undeveloped land adjacent to the facility. The total purchase price of the acquisitions was US$10.4 million, paid in cash at closing on April 11, 2019.
Secure Energy Services
|Address||Bow Valley Square 2, 3600, 205 5th Ave SW, Calgary, AB, T2P 2V7, CA|
Over the years SECURE energy services has grown to find new and innovative ways to help upstream oil and natural gas producers operating in the Western Canadian Sedimentary Basin, Colorado and North Dakota. We continue to focus on Environmental and Midstream services in underserviced and capacity constrained markets. Our goal is to provide integrated solutions throughout the lifecycle of oil and gas exploration, to production and final reclamation while maintaining a strong commitment to safety and the environment.
Through our three divisions: Processing, Recovery and Disposal, Drilling Services and On-Site Services, SECURE is equipped to support the growing needs of our customers in the energy, resource, pipeline, and civil construction industries.
Secure Energy Services Inc. has completed the acquisition of the 50% interest in all of the Joint Venture assets of the La Glace and Judy Creek facilities previously held by the other joint venture participants, increasing Secure's interest in the related facilities to 100%.