CCS Corporation continues to expand U.S. operations with new acquisition in Bakken
PR Newswire
CALGARY, July 29, 2011
CALGARY, July 29, 2011 /PRNewswire/ – CCS Corporation continues to expand into
the United States with the acquisition of KT Hot Oil Company (KT) of
Watford City, North Dakota. This is the company’s second acquisition
this month in the attractive Bakken region shale play and third in the
United States. Financial details were not disclosed.
“KT is a well-respected organization with a long history of providing
safe and reliable solutions in the basin,” said John Gibson, CCS
Corporation Chief Executive Officer. “This acquisition will add
significant value to our current Bakken operations and builds on CCS’s
commitment to providing innovative energy and environmental solutions
to the oil and gas industry.”
KT was founded in 1995 and operates in four key segments: frac water
heating, hot oiler services, fluid hauling and salt water disposal
wells.
“We are very happy to join the CCS family,” said Kent Norbeck, President
of KT Hot Oil Company. “I feel the CCS high-performance culture matches
well with KT and that we will continue offering our customers with the
highest quality services.”
KT’s 53 employees will join the CCS team and operate under the CCS
brand.
Today’s acquisition of KT, in addition to last week’s purchase
announcement of Venture Oilfield Service Inc., further strengthens CCS
Corporation’s position as one of the leading providers of frac water
heating and hot oil services in North Dakota.
CCS Corporation is North America’s largest provider of integrated
environmental services to the oil-and-gas sector. Based in Calgary,
Alberta, the privately-held company has more than 3,000 employees with
operations across Canada and the United States. Through four major
operating divisions, CCS provides customers with a unique, integrated
proposition that addresses environmental and waste management issues
throughout the oil-and-gas lifecycle, from exploration to abandonment.
CCS delivers its comprehensive portfolio of innovative environmental
and waste management services through a network of state-of-the-art
facilities and an extensive array of specialized assets.
SOURCE CCS Corporation
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