Oilfield Equipment Moving South

Post Royalty Review, capital, capital resources and jobs are moving out of Alberta as predicted by industry observers. A good example came out today:

Western Expands In U.S.

Western Energy Services Corp. has completed a purchase of nitrogen pumping and transport equipment that will increase the size of its U.S. based nitrogen fleet by 50%.

The purchase will be debt financed using facilities made available to the company from its U.S. based commercial bank.

"The current distressed market for oilfield services in Canada is a significant opportunity to acquire quality equipment at a fraction of what we would have paid to have it built," said Jim McQuarrie, president & CEO. "This equipment will be immediately deployed to our new operations centre in Ashdown, Arkansas."