H2OIL

What H2OIL does

H2Oil Energy Inc. is a privately held Canadian oilfield services company founded in 1993 and headquartered in Grande Prairie, Alberta, with an operational base in Beaverlodge. The company serves oil and gas operators across the Peace Region of Northwest Alberta with an integrated service portfolio that includes fluid hauling (produced water, fresh water, oil, condensate, methanol, chemicals, flowback, and sour fluids via a 65+ tank truck fleet), combo-vac tank and vessel cleaning with 160°C steam support, hydro-vac excavation, high-pressure jetting (15K and 40K PSI systems), trailer-mounted H2S scrubbing units with the proprietary H2Scrub chemical, and coordinated turnaround services for plant shutdowns. A Mini Combo-Vac variant extends the offering to tight-access locations.

Core technology centers on differentiated equipment and proprietary software. The VantageSuite platform combines 3D cleaning modeling, flow path simulation, and real-time tracking of cleaning variables for robotic zero-entry tank and vessel cleaning, integrated with 4K explosion-proof cameras for remote visual verification. Proprietary assets include the H2Scrub chemical formulation, the Cone Bottom Tank Fluid Recycling System, and specialized Banshee (internal) and Barracuda (external) high-pressure nozzles. H2Oil participates in ISNetworld, ComplyWorks, and Avetta compliance platforms and reports an R-Factor well below industry average.

The business model is project-based and transaction-fee driven, with quote-based pricing that is not publicly disclosed. Go-to-market is relationship-led direct field sales supported by 24/7 dispatch (Tank and Vac lines), a corporate website, email outreach, and Indeed-based recruiting. Primary customer segments are upstream oil and gas production companies and midstream/facility operators with shutdown and turnaround needs, supplemented by pipeline/construction and industrial facility operators. The Kelly Lake Métis Settlement partnership supports Indigenous engagement, procurement, and workforce development.

Name

H2OIL

Legal name

H2Oil Energy Inc.

Website

https://h2oilenergy.ca

Company type

Private

Founded year

1993

Operating status

Operating

Headcount range

51–100 employees

Short description

H2Oil Energy Inc. is a privately held Canadian oilfield services company, founded in 1993, providing fluid hauling, combo-vac, hydro-vac, high-pressure jetting, robotic cleaning, and H2S scrubbing to oil and gas operators across the Peace Region of Northwest Alberta.

Ownership category

akta.pro rank

Product category

Oilfield Fluid Hauling and Industrial Cleaning Services

SIC

Oil & Gas Field Services, Nec (1389), Pumps & Pumping Equipment (3561)

akta.pro primary industry

Oil & Gas Midstream & Pipeline O&M (Pipelines, Compressor Stations) (EUAEAGAF)

Keywords

• Fluid hauling services
• Vacuum truck services
• Hydro-vac excavation
• Industrial tank cleaning
• Oilfield logistics

Headquarters

HQ city

Grande Prairie

HQ country

Canada

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales

Revenue model

1. Fluid Hauling Services: Transportation of produced water, fresh water, oil, condensate, methanol, chemicals, flowback, and sour fluids using fleet of 65+ tank trucks. Revenue generated per load/transaction based on volume hauled and distance.
2. Combo-Vac Services: Tank and vessel cleaning, site cleanup, turnaround support, steam support, completions support. Includes Mini Combo-Vac for tight access locations. Revenue based on service duration and complexity.
3. Hydro-Vac Excavation Services: Non-destructive excavation using high-pressure water and vacuum systems for utility daylighting, trenching, and environmental cleanup. Billed per job or hourly.
4. High Pressure Jetting Services: 15,000 PSI and 40,000 PSI systems for tube cleaning, scale removal, and surface preparation. Revenue based on pressure level, duration, and equipment deployment.
5. Robotic Cleaning Services: Zero-entry automated tank and vessel cleaning using VantageSuite-controlled robotic systems. Revenue based on tank size, contamination level, and cleaning requirements.
6. H2S Scrubber Rentals: Trailer-mounted H2S scrubbing units (High Flow up to 4,000 CFM, Low Flow, Compact 700 CFM) with proprietary H2Scrub chemical. Revenue from rental and chemical services.
7. Turnaround Services: Full-service shutdown support including fluid handling, tank cleaning, confined space mitigation, and hazardous gas control. Coordinated service delivery across all equipment types.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

H2Oil Energy Inc. provides fluid hauling and industrial cleaning services to oil and gas operators in Northwest Alberta. The company operates a fleet of 65+ tank trucks for transporting produced water, fresh water, oil, condensate, methanol, and sour fluids, complemented by combo-vac, hydro-vac, high-pressure jetting (15K-40K PSI), robotic zero-entry tank cleaning, and H2S scrubbing services. Integrated turnaround and shutdown support packages coordinate multi-service delivery for upstream and midstream operators.

Product overview

H2Oil Energy Inc. is a field services company offering an integrated fleet of specialized industrial services for oil and gas operations in Northwest Alberta. The core portfolio includes Fluid Hauling (over 65 tank trucks for produced water, oil, condensate, and chemicals), Combo-Vac Services (with onboard 160°C steam for tank/vessel cleaning), Hydro-Vac excavation, High Pressure Jetting (15K–40K PSI systems), Robotic Zero-Entry Cleaning (automated systems with 4K cameras), and H2S Scrubber rental units. A Mini Combo-Vac variant extends service to tight-access locations. These services are offered both individually and as an integrated package through Turnaround Services for plant shutdowns. The company operates from Grande Prairie and Beaverlodge, serving the Peace Region since 1993.

Differentiator

Problem solved

Functional benefit

Products and services

• Fluid Hauling Services Transport of produced water, fresh water, oil, condensate, hydrocarbons, sour fluids, methanol, chemicals, and flowback using a fleet of over 65 tank trucks for oil and gas operators in the Peace Region of Northwest Alberta.
• Combo-Vac Services Tank and vessel cleaning, site cleanup, facilities and construction support, turnaround services, steam support, and completions support using versatile vacuum units equipped with onboard 160°C steam boilers, with 24/7 dispatch coverage.
• Mini Combo-Vac Services Compact Combo-Vac unit designed for tight access locations, well sites, and smaller scale work where larger units cannot operate efficiently.
• Hydro-Vac Services Non-destructive excavation using high-pressure water and vacuum systems for utility daylighting, trenching, piling hole excavation, bore support, environmental cleanup, and cold-weather digging.
• High Pressure Jetting Services Industrial cleaning using 15,000 PSI and 40,000 PSI systems with Banshee (internal) and Barracuda (external) nozzles for tube cleaning, scale removal, bundle cleaning, tank and vessel surface cleaning, polymer and hard deposit removal, paint and coating stripping, and wellhead cleaning.
• Robotic Cleaning Services Zero-entry automated tank and vessel cleaning using remote-controlled robotic systems with high-pressure heads, 4K explosion-proof cameras, and VantageSuite optimization platform for internal vessel cleaning, remote or hazardous-area tank cleaning, turnaround preparation, pre-inspection cleaning, and debulking heavy solids.
• H2S Scrubber Services Hydrogen sulfide removal from vent gas streams using trailer-mounted High Flow (up to 4,000 CFM), Low Flow, and Compact (700 CFM) scrubbers with proprietary H2Scrub chemical neutralization for tank farm venting, pressure loading, turnaround support, construction support, tank cleaning, vessel cleaning, and worksite safety.
• Turnaround Services Integrated turnaround and shutdown support combining fluid hauling, Combo-Vac, hydro-vac, jetting, robotic cleaning, and H2S scrubbing services for plant shutdowns in Northwest Alberta.

Quantifiable outcome

• R-Factor well below industry average indicating superior safety performance
• +4 more outcomes

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability3 records

Feature5 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Kelly Lake Métis Settlement (KLMS)coreStrategic or Co-development PartnerLong-term relationship with one of the only historic Métis communities in British Columbia. Collaborative delivery of project-specific services and workforce development programs. Early engagement approach to create mutual value through employment, procurement, and partnership opportunities.
• ISNetworldminorOthersSafety compliance platform participation for contractor management and safety record verification.
• ComplyWorksminorOthersCompliance management platform participation for regulatory alignment and contractor prequalification.
• AvettaminorOthersSupplier compliance and contractor management platform for safety and regulatory compliance verification.
• IndeedminorChannel Partner/ Reseller/ DistributorOnline job posting platform for recruiting positions including Fluid Hauler, Combo-Vac/Hydro-Vac Operator, Journeyman HD Mechanic, and Operator Assistant roles.

Scale indicators6 records

Recent moves5 records

Expansion highlights6 records

Direct peers

• Secure Energy Services: Western Canadian midstream and oilfield services provider with fluid handling, produced water management, and integrated service offerings. Direct overlap with H2Oil's fluid hauling and Peace Region customer base.
• Source Energy Services: Western Canadian oilfield logistics company focused on water handling, fluid transportation, and well-site services. Closely comparable to H2Oil's produced water and fluid hauling operations in the WCSB.
• Tervita Corporation: Canadian energy services company providing fluid hauling, waste management, and industrial cleaning to upstream and midstream operators. Highly comparable service mix to H2Oil's combo-vac, fluid hauling, and turnaround work.
• CEDA International: Industrial services provider offering hydro-vac, vacuum, high-pressure jetting, and turnaround services across Western Canada. Direct overlap with H2Oil's hydro-vac, jetting, and industrial cleaning portfolio.
• ClearStream Energy Services: Western Canadian industrial services and fluid handling company with hydro-vac, vacuum, and turnaround offerings. Highly comparable to H2Oil's integrated service delivery model.
• Vertex Resource Group: Provides environmental, fluid hauling, and field services to energy and industrial customers across Western Canada. Comparable in service breadth and customer overlap with H2Oil.

Regional players

• Essential Energy Services: Provides well-site services and fluid handling in Western Canada with a regional footprint. Comparable to H2Oil's well-site and production support model across the WCSB.
• Steel Reef Infrastructure Corp. Western Canadian midstream and field services operator with gathering, processing, and fluid handling assets. Comparable in regional midstream exposure and Peace Region operating geography.

Emerging players

• Step Energy Services: Canadian well services and fluid handling provider serving oil and gas operators in Western Canada. Adjacent overlap with H2Oil's produced water and completion support work.
• Quasar Energy Services: Smaller Western Canadian oilfield services firm with fluid handling and vac capabilities. Partial overlap with H2Oil's fluid hauling and Combo-Vac services, particularly in the WCSB.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about H2OIL