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Thursday
02 Nov 2023

Subterra Expands to West Canada and US With Affiliate Acquisition

02 Nov 2023  by thinkgeoenergy   

Subterra acquires Earth Drilling and Harris Exploration (source: Subterra Renewables)
Subterra Renewables (Subterra) has announced its expansion into Western Canada and the United States with the acquisition of Alberta-based Earth Drilling Co. Ltd. (Earth Drilling) by its affiliated companies. This transaction also includes the acquisition of Nevada-based Harris Exploration (Harris), a drilling services company with presence in Nevada, California, and Arizona.

Subterra Renewables is a geothermal exchange utility company with the largest drilling fleet in North America. It is a fully vertically integrated company that custom engineers, installs, owns and operates first-of-its-kind geothermal exchange systems.

Earth Drilling and Harris are now part of Subterra’s group of companies that provides coast-to-coast access to geothermal drilling for geo-exchange system installations.

Earth Drilling brings close to 50 years of experience in geotechnical and environmental drilling, and Harris Exploration brings over 67 years of industry leadership. Together with Subterra’s subsidiaries, they have amassed the continent’s largest geothermal drilling fleet with 68 rigs and plans to expand the fleet to over 100 in the next 12 months. The Company rigs are easily transported to work sites in the Canada and the U.S. from their east and west coast bases.

“We are thrilled to officially welcome our valued colleagues from Earth Drilling and Harris Explorations to our growing network of experienced talent as we scale up our operations and ramp-up assets to meet the rapidly growing demand for community developments powered by renewable energy,” said Matthew Tokarik, President of Subterra Renewables.

“Aligning ourselves with seasoned leaders that bring a combined 115 years of geo-drilling and exploration experience across North America provides us with immediate access to best-in-class services as we build out our coast-to-coast business. An opportune time as electrification and renewables take their place in a Net-Zero world.”

“We are excited and proud to be combining our visionary teams and resources as we diversify our geo-drilling operational opportunities to support a rapidly growing renewables industry under the Subterra group of companies,” said John Paul Wegleitner, CEO of Earth Drilling. “Alongside our colleagues at Harris, we are embarking on a pivotal cultural transformation rooted in sound experience, innovative leadership and the shared ethos of a skilled and agile talent pool.”

We had recently reported on the ongoing drilling operations by Subterra for the geothermal project at the Oberlin College and Conservatory in Ohio, USA. When completed in 2027, this will be the largest geothermal project in Ohio. Subterra had previously also been awarded the contract for the Green Snow project in northern Japan, a hybrid renewable energy venture that aims to tap into the region’s abundant low to medium-heat geothermal resources for power generation.

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