Four Winds Energy Services Ltd., a wholly owned subsidiary of Aqua Terra Water Management LP, has announced the acquisitions of Integrity Custom Processing Inc. and selected assets from Kasten Energy Inc. Terms of the acquisitions were not disclosed.
Integrity Custom Processing has a long operating history of serving the water management needs of British Columbia Montney producers and the acquisition provides Four Winds an entry into the British Columbia disposal market.
“Our partnership with Integrity allows Four Winds to better serve our existing customers in the Montney and complements our existing Gordondale facility and our planned expansion at Gold Creek” said Tom Johnston, president of Four Winds Energy Services Ltd. “We are excited to be adding an executive with such operating expertise and long standing customer relationships to the management team.”
Four Winds also recently acquired a fully permitted salt water disposal facility from Kasten Energy Inc. near Lloydminster, Alberta. Following the acquisition, Four Winds invested in substantial infrastructure to upgrade the capabilities of the facility.
“The addition of Kasten’s facility combined with Four Winds existing presence near Hilmond, Saskatchewan allows the company to serve heavy oil producers operating in both Alberta and Saskatchewan” added Tom Johnston.
Canaccord Genuity served as the financial advisor to Aqua Terra, and Stikeman Elliott LLP served as the legal advisor on both acquisitions.
Aqua Terra is backed by New York-based Bregal Partners.
Recommended Reading
US Interior Department Releases Offshore Wind Lease Schedule
2024-04-24 - The U.S. Interior Department’s schedule includes up to a dozen lease sales through 2028 for offshore wind, compared to three for oil and gas lease sales through 2029.
Utah’s Ute Tribe Demands FTC Allow XCL-Altamont Deal
2024-04-24 - More than 90% of the Utah Ute tribe’s income is from energy development on its 4.5-million-acre reservation and the tribe says XCL Resources’ bid to buy Altamont Energy shouldn’t be blocked.
Mexico Presidential Hopeful Sheinbaum Emphasizes Energy Sovereignty
2024-04-24 - Claudia Sheinbaum, vying to becoming Mexico’s next president this summer, says she isn’t in favor of an absolute privatization of the energy sector but she isn’t against private investments either.
Venture Global Gets FERC Nod to Process Gas for LNG
2024-04-23 - Venture Global’s massive export terminal will change natural gas flows across the Gulf of Mexico but its Plaquemines LNG export terminal may still be years away from delivering LNG to long-term customers.
US EPA Expected to Drop Hydrogen from Power Plant Rule, Sources Say
2024-04-22 - The move reflects skepticism within the U.S. government that the technology will develop quickly enough to become a significant tool to decarbonize the electricity industry.