Frac Shack Inc. acquired all the operating assets of the Sandtinel group of companies for an undisclosed amount, the global energy technology company said in a Jan. 23 release.
Established in 2014 and based in Grande Prairie, Alberta, Sandtinel provides sand separation technology in Western Canada and the U.S. The company’s technology is being deployed to more than 40 companies across North America, including top shale producers such as Pioneer Natural Resources Co., Devon Energy Inc. and XTO Energy Inc., according to the Sandtinel website.
Frac Shack’s acquisition of what CEO Todd Van Vliet described as a world-leading sand separation system allows the company to expand and diversify its services to new and existing customers in the flowback and production industry.
“Bringing these companies together allows us to continue on our journey to change the world of energy,” Van Vliet said in a statement.
Sandtinel’s products are a distinct improvement on existing spherical, horizontal or cyclonic systems, providing greater safety and efficiency to flowback and production clients. Additionally, Sandtinel units dramatically reduce the release of methane during production and flowback activities, according to the company release.
Frac Shack said it will fund the purchase with cash and debt. All Sandtinel employees are also set to join the new entity, called Sand Separation Technologies Inc.
The company added that it also has plans to further develop existing customer relationships and partnerships in its service offering for both completions and production applications.
Frac Shack is headquartered in Acheson, Alberta, with additional offices throughout Canada, the U.S. and Argentina.
2023-12-12 - Neptune Energy is considering development of the Ofelia Agat and Kyrre discoveries in the Norwegian sector of the North Sea.
2023-12-13 - Wintershall is evaluating oil and gas resources in Norwegian Sea as potential subsea developments.
2024-01-11 - Galp Energia said a significant light oil discovery was made in the Orange Basin and a drill stem test will be performed to assess the discovery’s commercial viability
2024-01-16 - Sixteen of the new awards from the Norwegian Offshore Directorate add acreage to existing production licenses.