Cathedral Energy Services completed the acquisition of Altitude Energy Partners from Black Bay Energy Capital for $100m.

Cathedral Energy Services, a provider of directional drilling services to oil and gas operators, completed the acquisition of Altitude Energy Partners, a provider of directional drilling solutions, from Black Bay Energy Capital, an energy private equity firm focused on the North American oilfield service sector, for $100m. "Altitude has always been a performance and client-driven organization with the mission to provide our customers with enhanced, customized, directional drilling solutions, and at the heart of this mission is our people. We want to thank our resilient and professional team for their hard work and immense contributions to date. Altitude and Cathedral are aligned in our core values and we look forward to achieving new heights as a combined organization. We're proud to have the brand we've built as Altitude continue on under the Cathedral umbrella and are confident the addition of Cathedral's, technology, strong complementary market presence, and public market support will only help propel our market share further and help us firmly establish ourselves as one of the pre-eminent independent directional drillers in the US as well as Canada," Lee Harns, Altitude Energy Partners President and CEO.