Commercial Credit Report for CWC Energy Services Corp

CreditRiskMonitor is a financial risk analysis and news service for credit, supply chain and financial professionals. Our strength in coverage spans 58,000 global public companies, totaling about $70 trillion in corporate revenue. We also offer solutions that can help ease private company financial risk assessment. Leading corporations around the world – including more than 35% of the Fortune 1000, plus thousands more worldwide – rely on us to help them stay ahead of financial risk quickly, accurately and cost-effectively.

A partial report preview for CWC Energy Services Corp is shown below. Where indicated by "Yes," CreditRiskMonitor contains this information in its extensive database. To get access to the full report and learn more about CreditRiskMonitor's robust financial risk analysis and timely news service, request a personalized demo and free trial today.

If you are already a subscriber and want to access the full report, click here.

CWC Energy Services Corp

Suite 2910, 605 - 5th Ave SW

Phone: (403) 264-2177p:403 264-2177

CALGARY, AB T2P 3H5 Canada

Fax: (403) 264-2842f:403 264-2842

This company was Merged or Acquired on 11/8/2023.

This company is no longer actively traded on any major stock exchange.

This is a Subsidiary, click here for the Parent Company

Business Summary

CWC Energy Services Corp. is a Canada-based premier contract drilling and well servicing company. It provides drilling rigs and service rigs to established oil and gas producers in Canada and the United States. Its Contract Drilling division operates under the trade name CWC Ironhand Drilling and is comprised of 13 electric triple drilling rigs with depth ratings from 3,600-7,600 meters and nine telescopic double drilling rigs with depth ratings from 3,200-5,000 meters. All 22 rigs have top drives, 17 have pad rig moving systems, nine have 7,500 psi pumping systems, three have carbon-reduction bi-fuel capabilities, and two have high line power capabilities. Its Production Services division operates under the trade name CWC Well Services, which has a fleet of 138 service rigs. CWC’s service rig fleet consists of 73 single, 52 double and 13 slant rigs providing services, which include completions, maintenance, workovers and well decommissioning with depth ratings from 1,500-5,000 meters.

Scores and Ratings

FRISK^® Score	Z'' Score	PAYCE^® Score	DBT Index	Moody's Rating	Fitch Rating	DBRS Rating
-	Yes	-	Yes	-	-	-

Financials, News and Filings

Latest Statement	Last Audit	News	SEC Filings	Bankruptcy Filings	Suit & Judgment Filings	Tax Lien Filings
6/30/2023	12/31/2022	Yes	-	-	-	-

Industries

SIC Code	Description
1389	Oil and gas field services, not elsewhere classified
1381	Drilling oil and gas wells
3533	Oil and gas field machinery and equipment

Officers and Directors

Title	Name	Title Date	Start Date
Chairperson of the Board	JimReid	5/31/2007	5/31/2007
President, Chief Executive Officer, Director	Duncan T.Au	1/12/2011	7/6/2010
Chief Financial Officer	Stuart J.King	12/11/2017	12/11/2017
10 additional Officers and Directors records available in full report.

Business Names

Business Name
Central Alberta Well Services Corp.
CWC
Ironhand Drilling, Inc.

General Information

Number of Employees:	665	(As of 12/31/2022)
Outstanding Shares:	517,531,894	(As of 7/27/2023)
Stock Exchange:	CVE
Fax Number:	(403) 264-2842

SITE MAP | ABOUT US | DIRECTORY | STOCK QUOTE: CRMZ | SIGN IN