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Western Energy Services Corp
Suite 1700, 215 - 9th Avenue SW
Phone: (403) 266-0667p:403 266-0667 CALGARY, AB  T2P 1K3  Canada Ticker: WRGWRG

Business Summary
Western Energy Services Corp. (Western) is a Canada-based energy service company. The Company is focused on providing contract drilling services through its division, Horizon Drilling (Horizon) in Canada, and its wholly owned subsidiary, Stoneham Drilling Corporation (Stoneham) in the United States. Western provides well servicing and oilfield rental equipment services in Canada through its wholly owned subsidiary Western Production Services Corp. (Western Production Services). Western Production Services’ division, Eagle Well Servicing (Eagle) provides well servicing, and Aero Rental Services (Aero) provides oilfield rental equipment services. In Contract Drilling Services, the Company operates a fleet of approximately 42 drilling rigs specifically suited for drilling complex horizontal wells. In production services, the Company provides well servicing and oilfield equipment rentals primarily in Canada operates approximately 65 well servicing rigs.

Scores and Ratings
FRISK®
Score
Z''
Score
PAYCE®
Score
DBT
Index
Moody's
Rating
Fitch
Rating
DBRS
Rating
YesYes-Yes---

Financials, News and Filings
Latest
Statement
Last
Audit

News
SEC
Filings
Bankruptcy
Filings
Suit &
Judgment
Filings
Tax
Lien
Filings
12/31/202312/31/2023Yes----

Officers and Directors

Title

Name

Age
Title
Date
Start
Date
Independent Chairman of the Board Ronald P.Mathison 66 12/1/2013 12/17/2010
President, Chief Executive Officer, Founder, Director Alex R.Macausland 55 12/1/2013 12/8/2009
Chief Financial Officer, Senior Vice President - Finance, Corporate Secretary Jeffrey K.Bowers 11/1/2018 12/8/2009
5 additional Officers and Directors records available in full report.

Subsidiaries
Business Name Address City State/Province Country
AERO RENTALS SERVICES A DIVISION OF 1700 215 9 AVENUE SW CALGARY AB
Horizon Drilling Inc. 1700, 215 9th Avenue SW Calgary AB Canada
Pantera Drilling Income Trust 900, 606 - 4th Street SW Calgary AB Canada
IROC Energy Services Corp. 8113 49 Ave RED DEER AB Canada
Stoneham Drilling Corporation Suite 3250, 707 17th Street Denver CO United States

Business Names
Business Name
Aero Rental Services
AERO RENTALS SERVICES A DIVISION OF
Eagle Well Servicing
10 additional Business Names available in full report.

General Information
Number of Employees: 675 (As of 12/31/2023)
Outstanding Shares: 33,843,015 (As of 3/1/2024)
Shareholders: 36,653
Stock Exchange: TSE
Fax Number: (403) 984-5917


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Thursday, March 28, 2024