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Calfrac Well Services Ltd.

03:52 PM EST - Calfrac Well Services Ltd. : and Mission Well Services, LLC announced that they have entered into a definitive agreement pursuant to which Calfrac has agreed to acquire all of the operating assets of Mission, a privately-held hydraulic fracturing and coiled tubing services provider focused in the Eagle Ford shale region of Texas. Under the terms of the Agreement, Calfrac's total purchase price will be approximately $147 million U.S., which includes approximately $7 million U.S. of working capital associated with the ongoing operations of the business. Calfrac Well Services Ltd. shares T.CFW are trading up $0.98 at $35.65.