Acquisition creates one-stop shop for well integrity, abandonment services
April 13, 2018
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Capstone Oilfield Services Ltd. today announced the takeover of Doull Site Assessments Ltd., acquiring DSA’s 30 years of well integrity expertise.
Capstone was founded to be the industry leader in well abandonments and Doull Site Assessments is the unquestioned industry leader in well integrity testing so having them a part of Capstone is a natural fit,”says Dwight Bulloch, Capstone President.
“When we became aware of Capstone and started discussions to find out if there was an opportunity for a working partnership,” says Ryan Doull, President of DSA, “we found the synergies between our companies to be strikingly obvious, and very beneficial for everyone.”
DSA will operate as a wholly owned subsidiary of Capstone, a leading well abandonment service provider. DSA’s former owners, Kerry and Miriam Doull, are now Capstone shareholders.
“Bringing these two companies together means the site assessments, the well integrity testing, data tracking and abandonment work are all in one shop, the process is streamlined, more accurate and provides our customers more value,” says Bulloch. “From our initial introduction and throughout the integration process, the Capstone and Doull teams have worked naturally together and I am excited to see what the future holds for both companies.”
Doull is equally eager to move forward.
“We’re very excited about the future for both companies, and all of our new and existing customers and partners,” noted Doull. “We can continue to provide the same level of excellence to our clients as we always have, and now we have the strength of other accomplished professionals at our disposal, to improve the outcome for everyone.”
DSA’s main operational base in Lloydminster, Alta., remains unaffected by the merger, and will continue to serve as a hub to the heavy oil region. DSA will relocate its Calgary office and shop to Capstone’s facility in Airdrie, Alta., immediately, where it will continue to serve the Southern Alberta market operationally, and the downtown Calgary customer base.
(Doull Site Assessments Ltd.)