Weyburn – OSY Rentals of Major, Sask. had some news to share when they were at the Saskatchewan Oil and Gas Show. The company has substantially expanded its fleet by recently purchasing similar units off of a competitor.
Brothers Dallas and Greg Cairns reported they recently purchased 47 production packages, similar to the vapour-tight tanks they already operate, plus some extra flare stacks and flare knockout drums.
The addition puts them at 117 tanks, about 150 flare knockout drums, and about 170 flare stacks.
“It was huge,” Dallas said.
They’re going through the acquisitions and preparing them for deployment.
OSY’s existing fleet was close to full utilization. This acquisition provides them the iron which will allow them to expand.
Asked if they got the equipment for a good price, Dallas responded, “We think so. We started a discussion with them last fall, but the way things were with the price differential, it was like, it doesn’t matter how cheap you get it, did it actually make sense to be spending a lot of money right now? It felt like we were going back to January 2016. So we thought we better hang tight.”
“But it felt like the winter went good, so in March I reached back to them and asked if they were open to discussions about this again, and they were.”
The units were located in Alberta.
“Our best spot, right now, is right down here,” Dallas said about likely locations for the additional units, referring to southeast Saskatchewan.
