October 22, 2016 12:25 PM ET

Energy Equipment and Services

Company Overview of Tier 1 Energy Solutions, Inc.

Company Overview

Tier 1 Energy Solutions, Inc. provides wireline and completion oilfield services. The company is based in Edmonton, Canada.

Edmonton, AB 




Key Executives for Tier 1 Energy Solutions, Inc.

Chief Executive Officer
Compensation as of Fiscal Year 2016.

Tier 1 Energy Solutions, Inc. Key Developments

Tier 1 Energy Solutions Inc. Enters into an Exclusive Partnership with Baker Hughes in Western Canada

Tier 1 Energy Solutions Inc. has entered into an exclusive partnership with Baker Hughes. This partnership allows Tier 1 Energy to provide cased hole wireline technology and services to its customers while allowing Baker to continue providing technology in a safe, efficient and cost effective manner to its customer base in Canada. Working with Baker, Tier 1 Energy will be the exclusive service provider of Baker Hughes cased hole wireline logging tools in Western Canada.

Tier 1 Energy Solutions Partners with Delphian Ballistics to Bring Tristim Perforating Technology to Western Canada

Tier 1 Energy Solutions Inc. has entered into an exclusive partnership with Delphian Ballistics Inc. Led by Stuart McLeod, Paul Lynch and Serena Arif, Delphian Ballistics has an absolute focus on improving well productivity by building a perforating system. TriStim is Delphian's unique and patented technology that harnesses the power of shockwaves to deliver a bigger, cleaner and deeper perforation. Tier 1 Energy will be the exclusive service provider of Delphian's TriStim technology in Western Canada. TriStim offers a smarter way to perforate because it sets out to do something unique based on the physics of ballistics. By applying precision ballistics engineering to the age old process of perforating, TriStim is able to offer significant improvements in well productivity and enhanced fracture dynamics by harnessing the power of shockwaves. TriStim uses three shaped charges in concert. Not just one shaped charge, as with conventional perforating systems, but three. The triple charge convergent configuration makes TriStim unique.

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