Sanjel Corporation
| Private | |
| Industry | Oilfield Services |
| Founded | Lloydminster, Alberta, Canada (1982) |
| Headquarters |
Calgary, Alberta; Other Locations: Mexico City; Denver, Al Khobar, Canada |
Number of employees | Approximately 2200 |
| Website | www.sanjel.com |
Sanjel Corporation is a specialized, privately owned global energy service company founded in 1982 by Don MacDonald, the company’s chairman. Sanjel filed for CCAA protection and chapter 15 bankruptcy on April 4th 2016. Canadian assets were sold to STEP energy and US assets sold to Liberty oil. Sanjel employed approximately 2200 people and had nine office locations operating in five countries. His son, Darin MacDonald, is the company’s president and chief executive, having worked at the business for 23 years. The two have equal financial control over the family’s holdings, which include energy businesses, real estate assets and capital and technology units. The Company's large-scale, international operations stretch across North America and overseas. Sanjel has team members in over 28 operating locations, eleven laboratories, ten regional maintenance facilities and seven driver training centers.
Sanjel provides two specialized product offerings - pressure pumping and completions. Each is complete with its own engineering products and custom-designed and manufactured equipment.
A preliminary prospectus the company issued in 2014 indicated that it would generate $1.5-billion (Canadian) in its fiscal 2014 year, making it third-largest in its industry.[1] It has become an important provider of hydraulic fracturing services as the North American energy industry has tapped increasing volumes of oil and gas trapped in shale formations.
Its largest customers include SM Energy Co., Continental Resources Inc., Bonavista Energy Corp., Newfield Exploration Co., Husky Energy Inc. and Encana Corp. Its top 10 customers account for about 65 per cent of company revenue. Its customer list features Canadian and American companies who are developing shale resources.
In April of 2016, Sanjel was acquired by STEP Energy[2]
See also
References
- ↑ Jeffrey Jones (30 May 2014). "Sanjel debt issue reveals details of privately held company". The Globe and Mail. Retrieved 22 September 2014.
- ↑ Jeffrey Jones, Privately held Sanjel broken up and sold to rivals , Globe and Mail, April 4, 2016
Vicki Vaughan, Cibolo makes room for Sanjel's jobs, mysantanio.com, April 25, 2011
Ton Howard, Fracking 101: Sanjel training facility emphasizes safety for oil field workers, Billings Gazette, March 1, 2012
Jeffrey Jones, Privately held Sanjel broken up and sold to rivals , Globe and Mail, April 4, 2016