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6/27/19

Complete Drilling Solutions (CDS) and Falcon Drilling Announce Merger

Complete Drilling Solutions (CDS) and Falcon Drilling Announce Merger

[Pittsburgh, PA, June 27, 2019] - Complete Drilling Solutions and Falcon Drilling, LLC., are proud to announce a merger of their assets to form “The Premier - Top Hole Solutions” based drilling company for the Appalachia and Mid-West gas fields. The combined company will operate under the current Falcon Drilling umbrella and be run by Dan Donahue who will continue as President.

Falcon Drilling will add CDS’s Schramm fleet consisting of (1) 130, (1) 200, and our Premiere 250 to their current fleet. Falcon Drilling will also obtain CDS’s two augers, Solimec SR30 and CZM EK125, for sound walling and conductor work.

Falcon Drilling’s new arsenal will include: (1) Schramm 130, (1) Schramm 250, (7) Schramm 200, (3) MD Cowan Super Singles, (1) Soilmec SR30, and (1) CZM - EK125 auger rig.

The combined entity of Calandra Group CDS and Falcon Drilling Company will be overseen by Tony Calandra and Don Donahue comprising the Board of Directors. The synergies created by the expertise, by both entities in the energy industries serviced, will provide enhanced opportunities for both employees and customers.

“We are proud to join the Falcon Drilling family, and excited to help Dan grow his business in the Appalachian Coal Fields. Both companies ownership share similar values and growth expectations. The new union is exciting and beneficial for our stakeholders and most of all our employees and customers!” — Tony Calandra, Group President of Frank Calandra Inc. and Calandra Group, LLC.

“We are excited and honored to have CDS and the Calandra Group join our organization. The Calandra Group has such rich history and ties to the energy industry which will create immense opportunities for Falcon Drilling. Our shared vision and focus will continue to emphasize safety and operational quality and efficiencies.” — Dan Donahue, President of Falcon Drilling, LLC.


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