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New West Energy Services Closes On Porterco Welding Acquisition

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August 27, 2012

New West Energy Services Inc. (NWE.V) is pleased to announce that it has completed its previously announced transaction with Porterco Welding Ltd. In connection with the Acquisition, the Corporation acquired the operating assets of Porterco, which assets include all equipment used in the hauling and handling of drilling waste solids, rental equipment, vehicles, inventory and customer lists.

In addition, the Corporation has retained approximately 9 employees employed in the drilling waste business. The acquired drilling waste business will operate under the name Porterco Oilfield Services Inc., a wholly-owned subsidiary of ...

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