Weatherford International Acquires Energy Rentals

Houston, Texas-based Weatherford International, Inc., one of the largest global providers of technology and services to the drilling and production sectors of the oil and gas industry, completed its acquisition of Energy Rentals Inc. of Red Deer, Alberta for a purchase price of US$55 million. The deal closed on December 19, 2001. The purchase price was paid in cash and in shares exchangeable for common stock of Weatherford. Weatherford’s common stock trades on the New York Stock Exchange.

Weatherford was represented in-house by Burt Martin, vice-president, law, and Danette Twining, corporate counsel in Houston, Texas, along with Rich Miller, Robert Roth, Barry Zalmanowitz, Fausto Franceschi, Colleen Cebuliak, Denise Prokopiuk, Jon Schwartz and Dana Bissoondatt of Fraser Milner Casgrain LLP in Edmonton; and Robert Jewell and Kim Osburn of Andrews & Kurth LLP in Houston.

The Energy Rentals legal team consisted of Pat Finnerty, Ron Mar, Melanie Gaston, Edmund Gill and Wallace Shaw of Blake, Cassels & Graydon LLP in Calgary, and David Manning and Sandra Manning of Johnston Ming Manning LLP in Red Deer.