High Arctic acquires Precision Drilling snubbing assets for $8.25 million

High Arctic Energy Services has agreed to acquire the snubbing services equipment assets of Precision Drilling, located in Canada, for $8.25 million in cash. The acquisition is expected to close on April 15, 2019.

“High Arctic is pleased to announce it has entered into an agreement to acquire the assets of Precision Drilling's snubbing services equipment, entirely located in Canada.”haes.ca

• 1 source
• haes.caHigh Arctic Announces Acquisition of Precision Drilling Snubbing Assets – High Arctic Energy ServicesJay WilcoxApr 5, 2019

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