Flint Adds Carson In $165M Canadian Oil Deal

Law360, New York (September 1, 2011, 3:09 PM EDT) -- Canadian oil and gas services company Flint Energy Services Ltd. on Thursday announced an agreement to purchase privately held Carson Energy Services Ltd. in a cash and stock transaction valued as high as $165 million.

Buying up Carson will significantly expand Flint's presence in the growing oil production center in the Canadian provinces of Saskatchewan and Manitoba, as well as eastern Alberta.

“Flint and Carson share similar cultures of safety, business ethics, and support for [their] people, communities and customers,” Flint President and CEO W.J. Lingard...
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