Resource Well Completion has sold a majority interest to Schoeller-Bleckman
Resource Well Completion Technologies Inc. (“Resource”)
Resource is a leading innovator and developer of proprietary completion systems and downhole tools to serve the multistage completion market. Resource’s integrated multistage product offering is complemented by its conventional tool offering and a customer-centric service model. Headquartered in Calgary, Alberta, the Company supplies its products and services through its corporate headquarters facility and its field service locations in Estevan, Saskatchewan and Edmonton, Alberta. Resource also has a second facility in Calgary that serves as its corporate sales office. Founded in 2009 by a team of proven industry veterans, Resource has achieved significant growth in its domestic market while establishing sales in multiple international markets including the United States, China, Russia, Oman and Indonesia.
Schoeller-Bleckmann Oilfield Equipment AG (“Schoeller-Bleckmann”)
Schoeller-Bleckmann is a global market leader in high-tech components for the oilfield service industry including high-precision MWD/LWD components made of non-magnetic steel and high-performance drilling motors, circulation subs and other downhole tools for the directional drilling and horizontal drilling industries. Additionally, Schoeller- Bleckmann offers its customers worldwide high-tech aftersales repair and maintenance services. The acquisition of Resource expands Schoeller-Bleckmann’s offering into the completions segment of the oilfield service industry. Headquartered in Ternitz, Austria, Schoeller-Bleckmann operates worldwide and is listed on the Vienna Stock Exchange under the ticker symbol SBO.
PPHB, LP (“PPHB”)
PPHB is an independent investment banking firm providing financial advisory services exclusively to clients in the oilfield equipment and service industry.