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Most recently, he was also co-founder of Lexa Drilling Technologies with Axel.Ĭathedral would also like to thank Bogdan Picioreanu for his years of services with Cathedral as VP, Technology. He moved from there to take the role of Calgary Operating and Managing Partner for SCF Partners - a leading North American energy service private equity firm. After Pacesetter, Chad was founder and President of Resource Equity Partners, an oilfield boutique capital firm. Robinson was an owner and CFO before the company sold to Schlumberger as Canada's largest privately-owned, directional drilling company. Although he has over 24 years of energy financial experience, Chad's role in helping to build Pacesetter Directional Drilling is particularly noteworthy.
![pacesetter directional drilling pacesetter directional drilling](https://www.pacesetterdirectional.com/wp-content/uploads/2018/03/Careers-Top-Red-Pic-1.jpg)
The addition of Chad will be a considerable boost to Cathedral's business development efforts. As the market continues to evolve and portions of it demand MWD tools that require less direct human interaction, we believe this team will help accelerate Cathedral's plans to be a leader in this space, further enabling drilling automation." Connors added, "When it comes to MWD technology, the US market is primarily a pulse market and in the long run this addition of personnel and technology will strengthen our offering and help us further penetrate the market. The addition of high-performance pulse technology to Cathedral's industry leading electromagnetic technology will further strengthen the performance of Cathedral's existing MWD platform. They are also focused on developing technology that enhances and enables drilling automation through remote downhole directional equipment. LEXA is focused on the development and commercialization of high data rate positive pulse MWD technology. Going forward, we are excited at the opportunity for Axel to enhance our MWD offering and ensure it remains among the top performing and most reliable products in the industry." Axel has a strong tool development history, especially in creating highly-reliable MWD (measurement-while-drilling) and RSS (rotary steerable) technology for the Canadian marketplace and his experience and insight will be invaluable as we build out our differentiated technology platform into the future. "Axel and Chad were instrumental in building Pacesetter Directional Drilling (now owned by Schlumberger) into a formidable Canadian competitor. "The principals of LEXA have deep experience in building sizable directional drilling companies as well as highly-innovative and reliable tools to differentiate those services" said Tom Connors, Cathedral's President and CEO.
![pacesetter directional drilling pacesetter directional drilling](https://www.globalsecurity.org/military/library/policy/army/fm/5-484/fig5-17.gif)
LEXA also brings an experienced engineering and development team. Chad Robinson will join as Vice President, Corporate Development. Axel Schmidt will join Cathedral as Senior Vice President, Engineering and Technology while Mr. ("LEXA"), a Calgary-based, downhole technology company for equity consideration in Cathedral, (the "Transaction"). (TSX: CET) ("Cathedral" or the "Company") today announced the acquisition of 90.98% of LEXA Drilling Technologies Inc. CALGARY, AB, J/CNW/ - Cathedral Energy Services Ltd.
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