Saxon began in 2005 with nine rigs (two drilling and seven workover) in a single market - Ecuador.  Since then Saxon has transformed into a truly international drilling company with a fleet of 98 rigs (81 drilling and 17 workover) and expanded to over 2,700 employees within twelve additional countries by way of acquisition and organic growth.

Saxon is a privately owned company held jointly by Schlumberger Ltd, the world's largest oilfield services provider, First Reserve Corporation, the largest oilfield private equity organizations, and by certain management employees.