Clariant acquires Prairie Petro-Chem in North America

Clariant acquires Prairie Petro-Chem in North America

4:19 PM, 1st April 2011
Clariant acquires Prairie Petro-Chem in North America

 

  • Acquisition is in line with Clariant Oil Services’ growth strategy for North America
  • Significantly enhances Clariant’s presence in the Bakken Shale, positioned to be North America’s number one oil and gas producing region
  • Prairie Petro-Chem serves more than 7,000 oilfield sites and holds significant share of the southern Saskatchewan/southern Manitoba market
  • Leverages Prairie Petro-Chem’s exemplary reputation and strong service orientation

 

HOUSTON, US: Clariant has acquired Saskatchewan, Canada-based oil services company Prairie Petro-Chem and will integrate it into the Clariant Oil services business. The transaction significantly enhances Clariant’s presence in the important Bakken Shale, an area positioned to be the number one oil and gas producing region in North America. Terms of the agreement were not disclosed.

 

Prairie Petro-Chem, originally formed in 1969 and headquartered in Estevan, SK, operates locations in Weyburn and Oxbow, Saskatchewan, and in Virden, Manitoba. The company serves approximately 7,000 oilfield sites, representing more than 50% of the southern Saskatchewan and southern Manitoba market. Prairie Petro-Chem continued its steady growth pattern in 2010, achieving sales of approximately CAD $30 million.

 

“Prairie Petro-Chem has an exemplary reputation and market leadership position based on more than 30 years of continuous operation in this important region. This acquisition strengthens Clariant Oil Services’ position as a top-tier global provider of production chemicals and services and greatly enhances our capabilities within North America," said Christopher Oversby, Global Head, Oil & Mining Services business unit, Clariant.

 

Frehlick (son of Prairie Petro-Chem founder Ray Frehlick) and Assistant General Manager Blane Fichter will join Clariant as a result of the transaction.

(C) WOC News

 

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