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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 56 rigs (41 drilling and 15 workover). Since January 2005, the Corporation expanded into six new countries – Venezuela, Colombia, Peru, Mexico, US and Canada by way of acquisition and organic growth. Most recently Saxon added to its Canadian fleet by way of a seven rig asset acquisition. In addition Saxon is currently working on a contract to construct and operate seven drilling rigs, each with a three year contract term for a major US independent gas producer. The first two of these rigs commenced operation in the Barnett Shale in January and February 2007. The first of these rigs commenced operation in the Barnett Shale in January and February 2007, while the first of five rigs designated as "Advanced Technology Singles" or "ATSTM" commenced drilling in July 2007. Saxon currently expects the second ATSTM to begin operations in September 2007 with the balance to follow at the rate of one per month thereafter.
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