Secure Energy Services Inc. is a Canadian public energy services company, based in

Calgary Calgary ( ) is the largest city in the western Canadian province of Alberta and the largest metro area of the three Prairie Provinces. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806, makin ...

, Alberta. It specializes in oilfield waste treatment and disposal. It is listed on the

Toronto Stock Exchange The Toronto Stock Exchange (TSX; french: Bourse de Toronto) is a stock exchange located in Toronto, Ontario, Canada. It is the 10th largest exchange in the world and the third largest in North America based on market capitalization. Based in t ...

History

Secure Energy Services was founded in 2007 by Rene Amirault and several partners. It held an IPO in April 2010, raising C$57.5 million. At the time, it had nine facilities. In 2011, it acquired Marquis Alliance Energy Group for $131 million. By 2014, Secure Energy had 24 facilities, and 13% of the Canadian environmental services market. In 2014 and 2015 Secure Energy experienced significant challenges due to decreasing oil prices. The company responded by laying off 300 workers, and its stock price decreased by half. In 2017, it acquired Ceiba Energy Services for $26 million, as part of the consolidation among energy services firms.

Operations

Secure Energy Services primarily provides oilfield waste treatment and disposal, including of wastewater. As of 2018, it has 47 facilities in Western Canada and North Dakota, mostly in Alberta. Most of the locations are for waste processing and disposal, but the company also runs 4 rail terminals.

Controversy

In December 2017, local residents and Métis leaders protested a planned oilsands landfill by the company outside of

Conklin, Alberta Conklin is a hamlet in northern Alberta, Canada within the Regional Municipality (RM) of Wood Buffalo. It is located on Highway 881 between Fort McMurray and Lac La Biche. It lies near the west end of Christina Lake at an elevation of , and w ...

. The protesters were concerned the landfill would contaminate waterways, scare wildlife, and create unpleasant smells. SECURE held an open house on December 7, 2017 to inform stakeholders about the project and the measures they take to ensure safe conditions in the communities they live and work in. In July 2021, Secure acquired Tervita after the expiry of the statutory waiting period and having defeated an emergency injunction application brought by the Commissioner to prevent closing of the Merger. Secure therefore closed “at risk” knowing that its ownership of the Tervita business would be subject to complex, ongoing litigation that could ultimately result in significant divestitures. In March 2023, the Competition Tribunal ruled in favor of the Commissioner of Competition in his challenge of Secure Energy Services’ acquisition of

Tervita Tervita was a public company based out of Alberta, Canada that specialized in energy and environmental waste services. It was co-founded by David P. Werklund as Concord Well Servicing in 1979. It became Canadian Crude Separators Corporation (CCS ...

Corporation. The Tribunal ordered Secure to sell 29 facilities to resolve the substantial lessening of competition found in 136 relevant markets.

References

{{Reflist Companies based in Calgary Companies listed on the Toronto Stock Exchange Oilfield services companies Service companies of Canada