Predator drilling acquires JB Hunt Drilling assets for Permian

By Luke Geiver | November 28, 2017

Predator Drilling Inc. has expanded in the Permian again. The Canadian-based drilling contractor entered the Permian Basin drilling scene in September 2016 and now it has found a way to expand through acquistion. In an undisclosed, all-equity transaction, Predator has acquired the assets of Midland-based J.B. Hunt Oil and Gas Drilling. Included in the deal is six 1,000 horsepower single drilling rigs along with other specialized equipment. Since first entering the Permian with a single rig, Predator is now running 10 drilling rigs.

The main focus of Predator has been on the vertical section of a well. Using shallow, pre-set rigs, Predator’s team can drill, case and cement the surface portion of a well. In addition to shallow pre-set drilling of the vertical section, Predator also performs horizontal, directional and slant drilling services.

Shane Walper, president and CEO of Predator, calls the Permian an “exciting” market. The pre-set approach to drilling the vertical section of a well can save operators up to 15 percent on surface costs, according to the company.