Mayer Brown LLP advised Precision Drilling Trust on a merger agreement with Grey Wolf, Inc, in which Precision will acquire Grey Wolf. The combination of Precision and Grey Wolf will have land drilling operations in almost every oil and gas basin in the US and Canada with an emerging presence in Mexico, making it one of the largest land drillers in North America. The resulting enhanced leadership position for Precision in the North American oil field services sector is an important step in Precision’s long-term strategy for expansion.

The Mayer Brown team was led by corporate & securities partner Bob Gray and associates Kay-Linh Pham and Dan Croll. In addition, Jim Barry, Debbie Hoffman, Ryan Liebl and Lee Morlock provided advice from Chicago.