Calfrac to buy Mission Well Services assets for $147M

|About: Calfrac Well Services Ltd. (CFWFF)|By:, SA News Editor

Calfrac Well Services (CFWFF.PK) agrees to acquire all operating assets of Mission Well Services for ~$147M.

The move allows the Canadian company to gain a foothold in the Eagle Ford shale region and assess opportunities in other basins in Texas.

Calfrac will gain 157.5K conventional pumping horsepower, high-rate blenders, three deep capacity coiled tubing units and other equipment.