Sep 8, 2013

Canadian firm Calfrac buys Mission Well Services to enter the Eagle Ford Sep 6, 2013, 3:00pm CDT //= $authorImg ?> Jeff Bell A file photo of shale drilling activity. Calfrac Well Services is spending $147 million… more Calgary, Canada’s Calfrac Well Services Ltd. will spend $147 million to buy hydraulic fracturing firm Mission Well Services and win a foothold in the Eagle Ford Shale, company officials say. The sale, scheduled to close next month, will give Calfrac greater pumping horsepower capacity for fracturing shale wells. The transaction also includes The Woodlands-based Mission’s Eagle Ford headquarters in San Antonio. Calfrac will offer jobs to a significant portion of Mission’s employee base following the sale, according to a company news release. “Mission provides a platform for Calfrac to enter the Eagle Ford shale region and to assess opportunities in other basins in Texas, while adding high-quality fracturing and coiled tubing equipment to other Calfrac operating areas,” Calfrac CEO Doug Ramsay said in a written statement. Check out the Eagle Ford Shale Insight for more breaking news and in-depth coverage. Click here . Want San Antonio Energy news in your inbox? Sign up for our free email newsletters. Industries