The Sanjel name will not disappear from the roster of Canadian service and supply companies after Sanjel Corporation sought credit protection earlier this year after 34 years in operation.
1961531 Alberta Ltd., an ARC Financial Corp. sponsored company, has closed the purchase of purchase of Sanjel Corporation’s Canadian cementing assets. Upon closing, 1961531 Alberta Ltd. will change its name to Sanjel Energy Services Inc. and continue to provide industry with cementing and acidizing services throughout Western Canada.
Sanjel Energy will be led by Shane Hooker, president and chief executive officer; Leonard Cornez, chief financial officer; Rob Toth, vice-president, operations; Murray Bickley, vice-president, client solutions; and Jeff Spence, vice-president, engineering.
In addition, privately held STEP Energy Services Ltd., also an ARC sponsored company, said its transaction to purchase Sanjel Corporation’s Canadian pressure pumping, coiled tubing and nitrogen assets has closed. The acquisition positions STEP as the largest private completion services company in Western Canada.