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Sanjel Sells Assets, Plans to Restructure
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Sanjel Corporation has announced the signing of two transformative agreements for its sale to two separate North American pressure pumping providers.
Sanjel has signed a definitive agreement for the sale of its Canadian fracturing, coiled tubing and cementing assets to STEP Energy Services Ltd., an ARC Financial Corp. sponsored company.
Concurrently, Sanjel has also announced that it has signed a definitive agreement for the sale of its United States fracturing, coiled tubing and cementing assets to Liberty Oilfield Services (Liberty).
Liberty is an innovative oilfield service company providing specialized stimulation services to optimize well production. Liberty currently operates in the Williston, DJ and Powder River basins and is headquartered in Denver, CO.
Sanjel also announced today…
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