Saxon Energy Services Inc. is a growing international oilfield services company that operates a well-established contract drilling and well servicing business. Saxon is focused on providing contract drilling and workover services to major and intermediate multinational and national oil and gas exploration and production companies with technologically advanced high performance shallow-medium depth drilling applications. Saxon has a substantial presence in Canada, Colombia, Ecuador, Mexico, Peru, United States and Venezuela.

Saxon began 2005 with nine rigs (two drilling and seven workover) in a single market - Ecuador. Saxon has now transformed into a truly international drilling company with a fleet of 65 rigs (54 drilling and 11 workover) as at December 31, 2008. Since January 2005, the Corporation has expanded into six new countries - Venezuela, Colombia, Peru, Mexico, US and Canada by way of acquisition and organic growth. In August 2008, the company completed a "go-private" transaction whereby it was acquired by a shareholder group that includes Schlumberger Ltd., First Reserve Corporation and members of management. Saxon remains focused on growing its international presence, including expansion into the Eastern Hemisphere, should the opportunity present itself.