Overview
Production Enhancement Group, Inc. (PEG) is a Houston-based
energy services company incorporated in Alberta, Canada.
As a holding company, PEG provides corporate support, financing,
administrative assistance, management systems, and marketing
services for its operating subsidiaries. On April 19, 2006,
PEG became a publicly held company trading on the Toronto
Stock Exchange.
PEG owns and has the exclusive global rights to the patented
WISE® multifunction coiled tubing (CT) technologies,
which combine a number of well intervention applications
(eg. a coiled tubing unit, fluid pump and nitrogen unit)
driven by a single power source. Compact, lightweight WISE®
CT skids can be trailer-mounted for onshore use or transported
separately for offshore use. WISE® technologies provide
customers with significant cost savings in the form of transportation
savings, reduction in the time required to rig up and rig
down each job site, reduced number of required personnel,
and safer operations.
At the time PEG became public, it acquired two
established companies that formed the foundation
of its well intervention operations. The first
company, Production Enhancement Technology LLC,
based in Lafayette, Louisiana, originated and
developed WISE® patented multifunction coiled
tubing technology and marketed a full range of
coiled tubing and related services. The second
company, A to Z Pressure Pump Services, specialized
in pressure pumping services for well intervention
applications and is based in Broussard, Louisiana.
PEG formed a wholly owned subsidiary, PET International,
Inc., to oversee marketing of well intervention
services through PET and A to Z. At present,
Production Enhancement Group has consolidated
its operating subsidiaries under the WISE® brand
identity and trademark. Visit WISE®
Well Intervention.com for more information.
PEG's management team consists of executives who have managed
large energy service operations, are from an environment
of technical innovation in coiled tubing and pressure pumping
services, or have developed and financed acquisition-oriented
enterprises of substantial size, and who are intent on building
a leading international well intervention services company.
PEG's focus to date has been on marketing WISE® multifunction
coiled tubing technologies and pressure pumping services
in Louisiana, Texas, Mississippi, and the Gulf of Mexico.
The Company intends to exploit the growing demand for specialized
coiled tubing and related services by executing an agressive growth
strategy based on exploiting the proven competitive advantages
of WISE® patented multifunction coiled tubing technology,
through organic expansion and acquisitions in
North America and joint
ventures in other parts of the world.
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