CALGARY, AB--(Marketwired - January 07, 2016) - White Water Management Ltd. ("WWM") and Orion Rentals Ltd. ("Orion") today announced that the two privately-owned water management companies completed a merger on January 1, 2016.
"We are pleased to announce the merger and we are excited about joining forces with another industry leading water management company," said Kris Cudmore, President of WWM. "We believe our combined expertise and resources will provide significant benefits to our clients in the form of increased capacity, improved project execution and operational efficiencies. We intend to leverage each other's strengths to create a larger and more efficient company, further enhancing our service offering and execution in the field."
The companies are both pioneers in the water management industry and have significant expertise in the safe and environmentally responsible sourcing, transfer and storage of water for oil and gas fracturing operations within Western Canada. WWM is based in Grande Prairie and primarily operates within northern Alberta, while Orion is based in Innisfail and primarily operates within southern and central Alberta.
The merger is intended to provide greater access to equipment and personnel and an expanded geographical footprint, resulting in increased capacity and logistical efficiencies, which will better serve client fracturing operations in the Cardium, Duvernay, Montney and Horn River Shale plays. Together the companies will employ over 130 personnel and maintain an equipment fleet consisting of over 100 km of water transfer hose ranging in diameter up to 10 inches, over 100 pumps, over 90 acid tanks (400bbl), frac ponds ranging in capacity up to 9,300 m3 and a variety of other oil field rental, hauling and support equipment.
"It's great to be joining forces with a company that has the same focus on customer satisfaction, cost reduction, safety and is a well-respected industry peer," said Darcy Dallas, President of Orion. "We believe the merger improves our ability to service our clients and gives us the scale and breadth of expertise to successfully manage water programs of any size for oil and gas producers operating in Western Canada."
White Water Management Ltd. (www.whitewatermanagement.ca) is a privately-owned water management company based in Grande Prairie, Alberta. WWM's services include the sourcing, transportation, storage and recycling of water for hydraulic fracturing operations. WWM works closely with its clients to custom design water management programs that optimize both the economic feasibility and environmental sustainability of their projects. WWM is a trusted supplier to some of the largest producers operating in Canada.
Orion Rentals Ltd. (www.orionrentals.ca) is a privately-owned water management and oil field equipment rentals company based in Innisfail, Alberta. Orion has been supplying oilfield equipment rentals and sales to the Oil & Gas industry since 2005. It specializes in water pumping for fracking from any available water source and provides a comprehensive suite of services including transportation, storage, and equipment rental.
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