SERVICE SECTOR / Hartland Pipeline Services Ltd. Announces the
Acquisition of D&K Horizontal Drilling Ltd. and Smith Landscaping &
Contracting Ltd.
TSE SYMBOL: HAR
MAY 26, 1998
CALGARY, ALBERTA--
THIS PRESS RELEASE IS NOT FOR DISTRIBUTION IN THE UNITED STATES OR
THROUGH ANY SERVICES HAVING U.S. PARTICIPATION.
Brian J. Murray, President and CEO of Hartland Pipeline Services
Ltd., is pleased to announce the company has acquired D&K
Horizontal Drilling Ltd. (D&K) and Smith Landscaping & Contracting
Ltd. (Smith). "These acquisitions enable Hartland to become a
vertically integrated pipeline services company providing a
complete range of services to the oil and gas market".
Hartland acquired D&K May 25, 1998. D&K is a trenchless technology
service company which utilizes directional drilling to provide
services to the oil, gas and utilities sectors. D&K specializes in
drilled river crossings for the installation of pipelines and
utilities and is one of the largest river crossing companies in
Canada.
Hartland acquired Smith May 21, 1998. Smith specializes in the
reclamation of oilfield sites, pipeline right of ways and access
roads.
Mr. Murray indicated that "E&P companies are becoming very focused
on environmental and safety concerns. Hartland's ability to offer
proactive reclamation solutions to the E&P companies will not only
generate reclamation revenue, it will enhance the quality of the
relationship with the E&P companies. Also, with an estimated
25,000 abandonments scheduled for reclamation within the next 3 to
five years, Hartland is well positioned to capitalize on pipeline
installation, maintenance and well abandonment work".
Hartland Pipeline Services Ltd. is a vertically integrated oil and
gas services company providing reclamation, fabrication,
installation and the construction of gathering systems and small
to medium bore pipelines throughout Alberta and southeastern
Saskatchewan. With the acquisition of Art's, Rattler, Parkland
H&H, D&K and Smith, Hartland serves a broad client base of over 30
customers, principally senior Alberta oil and natural gas
producers and large pipeline companies. Hartland's objective is to
continue to consolidate through strategic acquisitions, with the
Company's ultimate goal to service a significant portion of the
overall gathering system and small to medium bore pipeline
construction market in western Canada.
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