Southeast Directional Drilling announced in a press release March 22 that it has acquired the assets of Frontier Pipeline, a Minnesota-based horizontal directional drilling company. Financial terms of the acquisition were not disclosed.
“This acquisition represents the first of several anticipated capacity additions planned to meet the growing demands of our customers,” said Southeast Directional Drilling CEO Steve Ugrich. “We have great financial health and are well-capitalized, and look forward to continuing to broaden our capabilities and influence.”
Under terms of the agreement, Frontier Pipeline equipment, other key resources and personnel will be added to Southeast Directional Drilling. Frontier Pipeline CEO Dan Baillargeon will join the Southeast Directional executive team.
“I’m excited to join the Southeast team,” said Baillargeon. “I have known the people at Southeast for many years, and have developed tremendous respect for their skilled delivery of critical services and their commitment to customer satisfaction. The combined resources and capacity of Southeast and Frontier will create a powerful company within the HDD market.”
“We are pleased to continue the rapid growth of Southeast Directional Drilling,” added Ugrich. “Adding the Frontier Pipeline rigs to the Southeast fleet will enable us to continue to provide the highest levels of service that our customers have come to expect. Bringing an effective, experienced operator like Dan to our leadership team will only further strengthen our offering to the HDD market.”
Headquartered in Casa Grande, Ariz., Southeast Directional Drilling is a national leader in providing specialized underground horizontal drilling services to the oil and gas, municipal water and telecom industries. Founded in 2002 by Baillargeon, Frontier Pipeline has established itself as an experienced and capable directional drilling company. The company’s drilling rigs are capable of 100,000 ft-lbs of rotary torque and 1 million lbs of pullback force and can bore virtually all subsurface conditions.