ACT Energy Technologies Ltd.
ACXAF
Other OTC4.34
USD
+0.02
- -
ISIN
CA0049591021
CUSIP
004959102
Return %
Stock
S&P500
1Y
26.53
17.85
3Y
-4.62
64.56
5Y
82.35
69.89
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Thomas J. Connors
- Full Time Employees
- 337
- Sector
- Energy
- Industry
- Oil & Gas Drilling
- Address
- 6030 3rd Street SE Calgary AB Canada T2H 1K2
- IPO Date
- Mar 29, 2010
- Website
- actenergy.com
- Similar Companies
- Business
- ACT Energy Technologies Ltd. ACXAF is a North American energy services company that provides directional drilling and downhole technologies to oil and natural gas exploration and development companies. The firm offers remote directional and measurement-while-drilling (MWD) services; drilling optimization; well planning and rotary steerable services; downhole hardware including mud motors, MWD technology solutions, rotary steerable systems, and drilling motors and components; as well as related real-time monitoring and operational services through centralized centers. Founding, structure, and geography Founded in 1998, ACT Energy Technologies is headquartered in Calgary, Alberta, Canada. The company operates primarily in Canada and the United States, with facilities supporting service delivery in key basins across North America. It maintains main service facilities in Calgary and other strategic locations to support field operations, training, and equipment maintenance. Core products and services - Directional drilling services: telemetry-enabled MWD and rotary steerable systems to steer and optimize wells; real-time data delivery and interpretation to guide drilling decisions. - Measurement-While-Drilling (MWD) and downhole telemetry: high-precision downhole measurement tools and communication systems, including rapid data transmission for immediate decision-making. - Drilling optimization and well planning: engineering analytics, modeling, and planning support to improve drilling efficiency, footage drilled per day, and well placement accuracy. - Rotary steerable systems and mud motors: advanced downhole motor assemblies and steerable tools for improved trajectory control. - Downhole technology and components: drilling motors, components, and related downhole equipment to support drilling programs. - Remote operations and real-time monitoring: centralized real-time operations centers that provide continuous monitoring, collaboration, and optimization services for active wells. - Equipment rental, maintenance, and training: provision of rental tools and equipment, alongside maintenance, repair, and operator training services to clients. Recent major developments and updates - Strategic name change and branding transition: formerly Cathedral Energy Services Ltd., the company rebranded to ACT Energy Technologies Ltd. in 2024, signaling a broader transformation of its corporate identity and strategy. - Partnerships and alliances: the company has pursued strategic partnerships and acquisitions to expand its service footprint and product capabilities, including cross-border collaborations to enhance North American coverage and access to new customer segments. - M&A activity and corporate restructuring: recent activity includes acquisitions of related directional drilling and downhole service firms to expand capabilities and market reach, as well as corporate reorganizations to align with the new ACT Energy Technologies branding and growth plan. - Product and technology launches: ongoing development and release of advanced downhole tools and telemetry platforms, with emphasis on high-performance MWD and real-time data transmission to support faster, data-driven drilling decisions. - Geographic and service expansion: expansion of field operations and service capabilities into additional basins in Canada and the United States, supported by new facilities and expanded technician and engineer staffing. Industry context and client base - Industry: Oil and gas exploration, drilling services, and downhole technology. - Business segments: Directional drilling services; MWD and downhole telemetry; drilling optimization and planning; rotary steerable systems; downhole motors and components; remote operations; equipment rental and training. - Target markets: Oil and gas producers and service companies operating in North America, with emphasis on onshore shale and conventional resource plays. - Subsidiaries and branding: operates under ACT Energy Technologies in Canada and the U.S. under regional brands and partnerships that extend its reach and capabilities in North American markets. Note: Information reflects publicly available data through 2025–2026, including corporate branding changes and service offerings.
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