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Global Energy Show: Surviving the Slump - Oil and Gas Business Support, Capital and Liquidity Resources for 2020

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TSX Venture 50 Capital Conference

Why you should invest in CWC

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About Us

CWC Energy Services Corp. ("CWC") provides drilling rigs, service rigs and swabbing rigs to established oil and gas producers in the Western Canadian Sedimentary Basin ("WCSB").  These oilfield service activities are necessary to complete newly drilled wells and to maintain ongoing servicing of producing wells.  CWC's services are provided through 2 divisions:  Contract Drilling and Production Services.

The Contract Drilling division operates under the trade name CWC Ironhand Drilling and is comprised of 9 telescopic double drilling rigs with depth ratings from 3,200 to 5,000 metres with an average age of 9 years.  8 of the 9 drilling rigs have top drives and 3 have pad rig walking systems.  All of the drilling rigs are ideally suited for the most active depths for horizontal drilling in the WCSB, including the Montney, Cardium, Duvernay, and other deep basin horizons.  The company has expanded its drilling services into select United States basins including the Eagle Ford, Denver - Julesburg (DJ), and Bakken. With an operational base out of Nisku, Alberta and a U.S. corporate office in Denver, Colorado, CWC Ironhand Drilling is ideally positioned for the deeper depths of the Canadian and U.S. basins.

The Production Services division operates under the trade name CWC Well Services and is comprised of 145 service rigs and 12 swabbing rigs.  With 145 service rigs, CWC is the largest well servicing company in Canada as measured by active fleet and operating hours, offering the most technologically advanced service rig fleet in the WCSB.  These service rigs provide completions, maintenance, workovers and well decommissioning with depths ranging from 1,500 to 5,000 metres and are well positioned throughout the WCSB with operating locations in Grande Prairie, Slave Lake, Sylvan Lake, Drayton Valley, Lloydminster, Provost and Brooks, Alberta.  CWC also operates 12 swabbing rigs under the trade name CWC Swabtech with operating locations in Sylvan Lake and Brooks, Alberta.  These swabbing rigs remove liquids from the wellbore and allow reservoir pressure to push the commodity up the tubing.  CWC's Well Services division is well positioned for the changing demands of our oil and gas customers for horizontal drilling and deeper depths as well as servicing shallow wells.