History
- CenAlta Well Services Corp. was incorporated as a private company on March 1, 2005
- Acquired coil tubing assets from a private company on March 31, 2005
- Changed name to Central Alberta Well Services Corp. on April 27, 2005
- Amalgamated with e-Quisitions Inc. in a reverse takeover to become a public company on September 1, 2005
- Acquisition of 3 private companies with snubbing, nitrogen, well testing and rental assets in March and April 2006
- Growth capital program to build the service rig fleet in 2006, 2007, 2008 and 2009 funded primarily by Brookfield Bridge Lending Fund Inc. with a $63 million revolving credit facility
- $50 million common share issuance subscribed primarily by Brookfield Capital Partners Ltd. (formerly Brookfield Special Situations II L.P. and Tricap Partners II L.P.) in June 2007
- 1 for 4 common share consolidation on July 11, 2007
- Acquired 9 service rigs from Wellco Energy Services Partnership on January 8, 2008
- Acquired 3 service rigs from Akita Drilling Ltd. on July 3, 2008
- $33 million rights offering to existing shareholders to purchase 4.855 common shares for each right held. Offering subscribed primarily by Brookfield Captial Partners Ltd. (formerly Brookfield Special Situations II L.P.) in December 2009
- $40 million credit facility with a syndicate of lenders led by ATB Financial to replace the $63 million revolving credit facility with Brookfield Bridge Lending Fund Inc. on April 21, 2010
- New Board of Directors approved by shareholders at the Annual General Meeting on July 6, 2010
- New President and Chief Executive Officer announced on October 4, 2010
- New Senior Management Team announced in January 2011
- Changed name to CWC Well Services Corp. on June 8, 2011
- $69 million credit facility with a new syndicate of lenders led by ATB Financial to replace the existing $40 million credit facility on June 14, 2011
- Acquired 22 service rigs from Trinidad Drilling Ltd. on June 15, 2011
- Sale of nitrogen assets to a private company on December 9, 2011
- CWC Well Services Corp. makes the 2012 TSX Venture Top 50 Companies list on February 15, 2012
- Initiation of a quarterly dividend of $0.01625 per common share ($0.065 per annum) announced on March 20, 2012. The declaration of dividends will be determined by the Board on a quarter-by-quarter basis based on sustainable cash flow and earnings of CWC.