Doyon, Limited, the Alaska Native regional corporation for Interior Alaska, announced May 1 the acquisition of Fairweather, LLC, an oilfield support services company in Alaska.
According to a Doyon news release announcing the acquisition, the acquisition would complement Doyon’s current activities on the North Slope and provide experience in oilfield support, weather, logistics, and medical services.
Sherron Perry created Fairweather in 1976 with the goal of providing aviation weather observation services to isolated areas of Alaska.
Fairweather expanded its operations to encompass a number of highly sought-after support services geared to support exploration and production activities in response to the rise of the developing oil and gas industry.
Fairweather, formerly a subsidiary of Edison Chouest Offshore, provides advanced logistics and drilling assistance, remote medical care, meteorological and oceanographic forecasts, aviation and airstrip support, and bear guard protection.
Fairweather’s remote operations expertise are backed up by highly qualified teams of licensed health, safety, and environmental professionals.
“We are delighted to have reached an agreement with Doyon,” stated Rick Fox, Fairweather’s senior vice president and general manager since 2012.
Fairweather has more than 80 years of management experience and over 180 employees with expertise in oilfield services, aviation, medical services, airport and weather support, as well as expediting and logistics services.
We are certain that our business model will continue to benefit Alaska’s North Slope.
Fairweather’s 180 employees will join Doyon Drilling, Mid-Alaska Pipeline, Doyon Associated, and Doyon Anvil as part of the Doyon Oil Field Service Pillar.
Arctic drilling, pipeline ownership, building, maintenance and operations, camps, engineering, and procurement services are provided by the corporations to Alaska’s oil and gas industry.
We are delighted to welcome Fairweather to our family of companies, Doyon President and CEO Aaron Schutt said in a statement.
Fairweather has a well-deserved reputation, and there are numerous synergies between our existing Doyon oil field services businesses and Fairweather.
We are both Alaska-based businesses that are committed to our employees, customers, safety, and delivering effective project solutions for our clients.
Doyon, Limited was founded in 1971 under the Alaska Native Claims Settlement Act and has about 20,400 shareholders. Doyon is the largest private landowner in Alaska and one of the largest in North America, with subsidiaries in oilfield services, government contracts, and tourism.
