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Saxon snaps up rig deal

Calgary-based Saxon Energy Services has agreed to buy all assets of Kinnell Drilling and Kinnell Resource Consultants, including seven drilling rigs, an operating base and other equipment for C$61.5 million (54.7 million) in cash.

On the up: The deal adds to Saxon's burgeoning land rig fleet.
On the up: The deal adds to Saxon's burgeoning land rig fleet.
  • Jonathan Davis
Published 27 June 2006, 23:33Updated 9 July 2012, 04:29
AmericasTechnology