Houston, Texas (January, 26, 2016) –Keane Group, a privately-held U.S. based well completion services company, has agreed to acquire the majority of Canada-based Trican Well Service Ltd.’s (TSX: TCW) U.S. assets for total consideration of U.S. $247 million, comprised of U.S. $200 million in cash plus a minority interest stake in Keane Group. With the acquisition, Keane will triple its frac capacity, acquire access to proprietary technology, add applied engineering capabilities and further expand the Company’s service offerings and geographic reach in the U.S. Learn More
Effective December 3, 2013, Keane Group (“Keane”) has acquired the assets of (“UTFS”) based in Midland, Texas. UTFS is a technology and operational leader in hydraulic fracturing services in the Permian Basin.
May 23, 2013 – Governor Tom Corbett recognized Pennsylvania companies and entrepreneurs that are creating jobs and making positive contributions to the state’s economy at the inaugural Governor’s ImPAct Awards. At the event, Governor Corbett thanked the audience of nearly 700 for helping to move Pennsylvania forward.
We are glad to announce that effective April 26, 2013, Keane has closed the acquisition of the assets of Calmena Wireline Technologies based in Calgary, Canada with field offices in Red Deer and Grand Prairie, Alberta. Calmena Wireline Technologies is a technology and operational leader in the horizontal pump-down perforating market.