Winterhawk Well Abandonment Ltd.
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Winterhawk Well Abandonment Ltd. - overview
Established
2015
Location
Calgary, AB, Canada
Primary Industry
Oil & Gas
About
Based in Alberta, Canada, and founded in 2015, Winterhawk Well Abandonment Ltd. , also known as Winterhawk, operates as a casing expansion technology company. The company was founded by Dale Kunz. In February 2020, Tier 1 Energy Solutions, a portfolio company of Amberjack Capital Partners, agreed to acquire a minority stake in Winterhawk Well Abandonment Ltd.
As of 2024, the company is led by its president and CEO, Ian Thomson. Winterhawk is a company dedicated to developing and commercializing innovative downhole technologies that help the petroleum industry reduce GHG (greenhouse gas) emissions from leaking wells. The firm’s product line includes a thermal-mechanical abandonment tool (TMAT), a novel technology for plugging and sealing abandoned wells, addressing crucial environmental and operational concerns and eliminating the leakage of methane and other greenhouse gases; and a mechanical diagnostic tool (MDT), a tool that identifies the source of micro-annular leakage in wells. The firm provides products and services through its business division, Winterhawk Casing Expansion, a casing expansion technology division.
Current Investors
Tier 1 Energy Solutions
Primary Industry
Oil & Gas
Sub Industries
Oil & Gas Equipment and Services
Website
www.winterhawkcet.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Winterhawk Well Abandonment Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | Winterhawk Well Abandonment Ltd. | - |
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