Cathedral Energy Services acquires Lexa Drilling Technologies

Cathedral Energy Services Ltd has acquired 90.98 per cent of Lexa Drilling Technologies Inc., a Calgary-based, downhole technology company for equity consideration in Cathedral.

Cathedral Energy Services acquires Lexa Drilling Technologies Cathedral Energy Services acquires Lexa Drilling Technologies Cathedral Energy Services acquires Lexa Drilling Technologies Cathedral Energy Services acquires Lexa Drilling Technologies Cathedral Energy Services acquires Lexa Drilling Technologies

Cathedral Energy Services has acquired Calgary-based, directional drilling specialist, Lexa

As part of the transaction, Axel Schmidt will join Cathedral as senior vice president, Engineering and Technology while Chad Robinson will join as vice president, Corporate Development.