At a time of relative downturn in the oil industry, one company is finding a way to consistently expand and improve.
Black Gold Fishing Services, a downhole fishing and rental tool company based out of Cold Lake, has expanded each year since it opened in 2015.
On May 1, the company will open a service location in Grande Prairie, its fourth, to go along with locations in Cold Lake, Lloydminster, and Swift Current.
“We do quite a bit of work around Fox Creek and Whitecourt. Grande Prairie is a central location for us to be able to maintain that work, and eventually expand into B.C.,” said Black Gold President Tim Ulfsten.
Ulfsten had decades of experience in his specialized field, and decided to open his own company four years ago. There are now 37 people working with Black Gold, providing providing open & cased hole fishing services, casing repair, and tool construction and design.
To go along with the expansion, Black Gold will be attending the Peace Region Petroleum Show, May 15 and 16 in Grande Prairie, for the first time, in an effort to get to know the people and companies in the area further.
Ulfsten said there’s a healthy demand for the services his company offers, and expects the demand to continue to grow.
“Everyone’s had ups and downs through the downturn, but we’re one of the companies growing and expanding and that shows a strong layout for us,” said Ulfsten.
The company will also be attending the oil industry trade shows in Bonnyville and Weyburn, Saskatchewan this year.
Black Gold Fishing has recently opened up a partnership with Kingfisher Wireline and Pipe Recovery Services.
Email Dillon Giancola at email@example.com.