Calgary, Canada, July 26, 2000
Weatherford International, Inc. (NYSE: WFT) today announced that its natural gas compression division, Weatherford Global Compression Services, has purchased Cooper Energy Services' (CES) Canadian Parts and Services division. Cooper Energy Services' Aftermarket Services is dedicated to providing customers with maximum equipment availability at the lowest possible operating cost, along with being a single source for genuine replacement parts. Cooper Energy Services' state-of-the-art maintenance center is located in Edmonton, Alberta, Canada, and offers factory trained service representatives who can overhaul end users equipment in the specialized overhaul facility, or at the operating site.
The acquisition expands Weatherford Global's range of capabilities to provide field gas production solutions to the Canadian marketplace. “The addition of CES's Canadian division serves to further strengthen our relationship with Cooper Energy Services, and builds on Weatherford Global's commitment to provide customers with the level of service necessary to optimize their production of natural gas,” said Shane Guiltner, Senior Vice-President and General Manager of Weatherford Global's Canadian Division.
Weatherford Global Compression Services is a single-source provider of natural gas compression solutions to a variety of customers worldwide. Its solutions comprise the widest choice of compression services in the business, including full service turnkey compression project management, a large fleet of rental compression units, maintenance and reconditioning services for customer-owned equipment, custom engineered compression systems, innovative financing programs and used equipment.
Houston-based Weatherford International, Inc. (http://www.weatherford.com) is one of the largest global providers of innovative mechanical solutions, technology and services for the drilling and production sectors of the oil and gas industry. Weatherford operates in over 50 countries and employs approximately 10,000 people worldwide.
Contacts:
Shane Guiltner (403) 279-1318
Weatherford International, Inc.
515 Post Oak Blvd, Suite 600
Houston, Texas 77027
713-693-4000