Poseidon Concepts Corp. POOSF

Company Overview

Poseidon Concepts Corp. was a Canadian oilfield services company that specialized in fluid handling and storage solutions for the oil and gas industry, particularly in North American unconventional resource plays. The company’s core business centered on the design, manufacture, rental, and servicing of modular above-ground storage systems used in hydraulic fracturing, drilling, and water management operations. Its products were primarily used by exploration and production companies and oilfield service providers operating in shale and tight oil basins.

The company grew rapidly during the North American shale expansion period and positioned itself as a provider of large-capacity, reusable fluid containment systems intended to improve operational efficiency versus traditional steel tank solutions. Poseidon Concepts was headquartered in Calgary, Alberta, and operated primarily in the energy services sector. Public filings and financial disclosures indicate that the company experienced significant operational and accounting challenges that culminated in creditor protection proceedings and restructuring efforts in 2013. Data regarding certain post-restructuring corporate activities is inconclusive based on available public sources.