SECURE Energy Services

What SECURE Energy Services does

SECURE Energy Services Inc. is a Calgary-headquartered, TSX-listed (TSE:SES) provider of integrated industrial waste management and energy infrastructure services to upstream and midstream oil and gas producers across western Canada and North Dakota. Founded in 2007 and operating with 1,800+ employees across 80+ facilities and landfills, the company runs an end-to-end service stack — collect, process/recover, and dispose — anchored by licensed hazardous-waste handling capabilities (including NORM disposal) and complemented by specialty chemicals (SlickFix, Extendrill, emulsion breakers, paraffin and corrosion inhibitors), drilling fluid technologies, metals recycling, biogas capture, and pipeline integrity services.

Revenue is generated through transaction-based and contracted service fees tied to waste volume, type, hazardous classification, and processing complexity, with additional income from proprietary specialty chemical sales and metals recycling. The customer base is heavily concentrated in the oil and gas vertical, including Baytex Energy, Keyera, Pembina Pipeline, Tamarack Valley, Gran Tierra, Paramount Resources, ARC Resources, NuVista, and other Western Canadian E&P and midstream operators. WiQ, a separate affiliate, extends the company's footprint into digital waste-tracking software.

Strategically, SECURE is at an inflection point: in November 2025 it raised CAD $300M in senior unsecured notes, and in 2026 GFL Environmental Inc. announced an acquisition at a roughly 23% premium to the 60-day VWAP, subject to shareholder approval (May 27, 2026) and Competition Bureau review. The combination would expand and densify SECURE's Western Canadian footprint within a larger North American environmental services platform.

Name

SECURE Energy Services

Legal name

SECURE Energy Services Inc.

Website

https://secure.ca

Company type

Public

Founded year

2007

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

SECURE Energy Services is a Calgary-based, TSX-listed (TSE:SES) provider of integrated industrial waste management, specialty chemicals, and energy infrastructure services to upstream and midstream oil and gas producers across western Canada and North Dakota, operating 80+ facilities.

Ownership category

akta.pro rank

Product category

Industrial Waste Management & Energy Infrastructure Services

NAICS

Security Systems Services (except Locksmiths) (561621), Utilities (22), Water, Sewage and Other Systems (2213)

SIC

Refuse Systems (4953), Electric, Gas & Sanitary Services (4900), Sanitary Services (4950)

akta.pro primary industry

Secure Destruction & Confidential Waste (Paper/Product Destruction—Non-hazardous) (EUAIAGAJ)

Keywords

• Industrial waste management
• Energy infrastructure services
• Specialty oilfield chemicals
• Metals recycling services
• Hazardous waste disposal

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices14 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Waste Management Services: Collection, processing, treatment, and disposal of industrial waste including hazardous materials, hydrocarbon waste, and associated waste streams from oil and gas operations. Revenue is generated through service fees based on volume, type of waste, and processing requirements.
2. Specialty Chemicals: Sale of proprietary chemical products including drilling chemicals, production chemicals, and specialty formulations for oil and gas operations. Products include emulsion breakers, paraffin inhibitors, corrosion inhibitors, and other specialty additives.
3. Energy Infrastructure: Midstream infrastructure services including hydrocarbon storage, processing, and transportation support services for oil and gas producers.
4. Metals Recycling: Processing and recycling of ferrous and non-ferrous metals from industrial sources, including specialized metals recycling with rail services.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels6 records

Core offering

SECURE Energy Services provides integrated industrial waste management and energy infrastructure solutions for the upstream and midstream oil and gas sector in western Canada and North Dakota. The company operates a network of 80+ facilities and landfills offering waste collection, processing, recovery, and disposal services, supplemented by specialty chemicals, drilling fluid technologies, NORM handling, metals recycling, and energy infrastructure services.

Product overview

SECURE Energy Services operates as an integrated waste management and energy infrastructure company offering end-to-end solutions for industrial waste across western Canada and North Dakota. The core offering consists of Waste Management services (collect, process/recovery, dispose) and Energy Infrastructure, supported by specialized product lines including Specialty Chemicals (Production Technologies, Drilling Technologies), Metals Recycling, and niche services such as NORM handling, Biogas, Turnaround Services, and SlickFix pipeline solutions. The company runs 80+ facilities and landfills, serving upstream and midstream oil and gas producers. WiQ operates as an affiliate digital platform for waste tracking. The portfolio functions as a unified infrastructure network rather than a modular software platform, with physical operations and service delivery as the primary business model.

Differentiator

Problem solved

Functional benefit

Brands

• WiQ: Water treatment technology platform
• SlickFix
• Extendrill
• SECURE Metals Recycling
• SECURE NORM

Products and services

• Waste Management Services Fully integrated industrial waste management network combining collection, processing, recovery, and disposal services across 80+ facilities and landfills in western Canada and North Dakota, serving oil and gas and industrial clients.
• Energy Infrastructure Energy infrastructure services including storage, terminal operations, and pipeline-related services supporting upstream and midstream oil and gas producers.
• Specialty Chemicals Chemical products and services including production enhancement chemicals, emulsion breakers, and paraffin control solutions for oil and gas operations.
• Production Technologies Laboratory testing and production chemistry services including treatment optimization and quality assurance for oilfield operations.
• Drilling Technologies Drilling fluid technologies and services including Extendrill services, solids control, and drilling waste management for oil and gas drilling operations.
• Metals Recycling Industrial metals recycling services accepting ferrous and non-ferrous metals, equipment, and vehicles at multiple locations across western Canada.
• Collect Waste collection services providing various bin types, containers, and roll-off services for industrial and commercial waste streams.
• Process + Recovery Waste processing and resource recovery services that transform industrial waste into valuable secondary products.
• Dispose Safe disposal services including landfill operations and treatment solutions for various industrial waste streams.
• SECURE NORM Services Naturally Occurring Radioactive Material (NORM) handling, testing, and disposal services for oilfield operations.
• SECURE Turnaround Services Specialized waste management services for refinery and plant turnaround and shutdown maintenance periods.

Quantifiable outcome

• 34% EBITDA margin with 50%+ free cash flow conversion
• +2 more outcomes

Named customers11 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• GFL Environmental Inc.coreStrategic or Co-development Partner · 27 May 2026GFL Environmental Inc. is acquiring SECURE Waste Infrastructure Corp. in a transaction offering approximately 23% premium to the 60-day VWAP. The deal is subject to Competition Bureau review (expected 3-5 months) and shareholder vote on May 27. This represents a significant strategic acquisition that will expand and densify GFL's Western Canadian footprint.
• Indigenous Communities and BusinessescoreStrategic or Co-development PartnerSECURE has built lasting relationships with Indigenous communities and businesses since inception in 2007. The company pursues respectful engagement and provides opportunities for increased economic participation, creating impactful partnership agreements aligned with corporate community pillars.
• DRFN (Dennyne? River First Nation)minorStrategic or Co-development PartnerPartnership agreement with theDRFN community as part of SECURE's commitment to Indigenous economic inclusion and respectful engagement.
• Classroom ChampionsminorGTM or Marketing PartnerSECURE is a Gold Sponsor for Classroom Champions as part of the Energizing Communities Collective partnership, supporting youth education initiatives.
• 4-H Alberta - Metals4Good ProgramminorStrategic or Co-development PartnerSECURE partners with 4-H Alberta to launch the Metals4Good program supporting youth development through metals recycling education.
• Katal Energy ServicesminorStrategic or Co-development PartnerSustainable partnership building relationship with Katal Energy Services for industry collaboration.
• STARS (Shock Trauma Air Rescue Society)minorGTM or Marketing PartnerSECURE became allies with STARS to support life-saving helicopter air ambulance services in Canada.
• United WayminorGTM or Marketing PartnerSECURE employees participate in United Way fundraising campaigns supporting community initiatives.

Scale indicators11 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Newalta Corporation: Newalta (now Newpek) is a Canadian industrial waste management and oilfield services company serving oil and gas producers in the WCSB, directly overlapping with SECURE's core waste management, fluids, and metals recycling offerings in the same geography and customer base.
• Vertex Resource Group Ltd. Vertex provides environmental and oilfield services to Western Canadian energy producers, including waste management, fluid handling, and production chemistry; serves the same upstream and midstream customer base in the WCSB.

Broad incumbents

• GFL Environmental Inc. GFL is a large diversified environmental services company currently acquiring SECURE; it operates solid waste, liquid waste, and infrastructure services across Canada and the US, directly competing with SECURE in Western Canadian industrial waste and serving as the strategic acquirer in this transaction.
• Clean Harbors Inc. Clean Harbors is North America's largest hazardous waste management company, providing industrial waste disposal, recycling, and environmental services to oil and gas, chemical, and manufacturing clients; overlaps with SECURE's hazardous waste, NORM, and specialty chemicals lines at scale.
• Stericycle Inc. Stericycle is a North American regulated waste management provider offering industrial, hazardous, and specialized waste services; broadly comparable to SECURE's industrial waste portfolio though focused more on regulated waste streams than oilfield-specific services.
• Waste Connections Inc. Waste Connections is a large North American solid waste services company with significant Canadian operations, including industrial and energy-sector waste collection, transfer, and disposal; competes with SECURE for industrial volumes and landfill capacity.
• Republic Services Inc. Republic Services is one of the largest US waste management companies, providing solid and industrial waste, recycling, and environmental services; a broad incumbent that intersects with SECURE's metals recycling and industrial waste businesses.

Regional players

• Mullen Group Ltd. Mullen Group is a Western Canadian transportation, logistics, and oilfield services provider with waste management and fluid hauling divisions, competing with SECURE in oilfield waste collection and disposal across the same Alberta and Saskatchewan basin.
• STEP Energy Services Corp. STEP is a Canadian oilfield services company focused on coiled tubing, pumping, and nitrogen services; while not directly in waste management, it operates in the same Western Canadian basins and serves the same upstream customers as SECURE.
• Trican Well Service Ltd. Trican is a Canadian oilfield services company providing cementing, stimulation, and well intervention services to Western Canadian producers; adjacent to SECURE's drilling fluids and production chemistry offerings in customer base and geography.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/secure-energy-services-inc-139211619450029
• Instagraminstagram.com/SECUREEnergy
• LinkedInlinkedin.com/company/securewasteinfrastructure
• Xx.com/secure_ses

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries1 record

Funding overview

Funding rounds8 records

Investors14 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A2 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SECURE Energy Services