STEP Energy Services Ltd. announced a client-backed upgrade to its Canadian fracturing fleet.
September 15, 2022, 12 AM MDT
Trican Well Service Ltd. will continue to expand its fleet of next generation, low emissions fracturing equipment by upgrading its fourth set of existing pumping equipment with CAT Tier 4 dynamic gas blending (DGB) engines.
September 12, 2022, 6:37 AM MDT
Oilfield service prices are improving but the sector still needs further gains to get margins back to sustainable levels, Total Energy Services Inc. president and chief executive officer Daniel Halyk told analysts on the company’s 2022 second quarter conference call.
August 10, 2022, 12 AM MDT
In response to increasing activity levels and longer lead times for certain equipment, Total Energy Services Inc. has increased its 2022 capital expenditure budget to $56.2 million.
August 9, 2022, 12 AM MDT
The Key Access Pipeline System (KAPS) is now over 70 per cent complete and the project is estimated to cost approximately $900 million, net to Keyera Corp. (previously $800 million to $880 million).
August 4, 2022, 12 AM MDT
Essential Energy Services Ltd.’s 2022 capital forecast has increased from $6 million to $9 million, which includes $3 million for growth capital and $6 million for maintenance capital.
August 4, 2022, 5:36 AM MDT
During the second quarter, Enbridge Inc. added $3.6 billion of growth capital to its secured capital program, including a US$400 million extension of the Texas Eastern System associated with Venture Global's Plaquemines LNG project, an estimated $1.2 billion expansion of B.C. Pipeline System’s T-North section and a US$1.5 billion investment in the Woodfibre LNG facility.
July 29, 2022, 6:06 AM MDT
TC Energy Corporation’s total capital expenditures for 2022 are now expected to be approximately $8.5 billion.
July 28, 2022, 7:26 AM MDT
Precision Drilling Corporation increased its capital spending plan to $149 million in response to higher demand and expected customer contracted upgrades on over 20 drilling rigs for 2022.
July 27, 2022, 4:43 AM MDT
SECURE Energy Services Inc. continues to benefit from its 2021 acquisition of Tervita Corporation and strong industry conditions, factors that helped the company post strong Q2 results.
July 27, 2022, 10:40 AM MDT
Current fundamentals underlying the energy sector are the best that Kevin Neveu, president and chief executive officer of Precision Drilling Corporation, has seen in his career.
June 14, 2022, 12 AM MDT
Total Energy Services Inc. experienced strongly improved industry conditions in North America and Australia for Q1 2022 when compared to the same period last year, which is reflected in the company’s financial results.
May 12, 2022, 5:11 AM MDT
In response to the higher activity expectations, STEP Energy Services Ltd.’s board of directors has approved an increase of $8.3 million to the 2022 capital program, increasing it to $56.0 million.
May 12, 2022, 7:26 AM MDT
Pipestone Energy Corp. is increasing its 2022 capital guidance range to $225 - $235 million (up from $210 - $220 million).
May 11, 2022, 6:11 AM MDT
PHX Energy Services Corp.’s 2022 capital expenditures budget is now expected to be $85 million, with the $37.3 million increase expected to be allocated toward purchasing up to 100 Atlas motors, 30 Velocity kits and additional PowerDrive Orbit RSS for delivery late in 2022 and into 2023.
May 5, 2022, 12 AM MDT
First quarter revenue for Western Energy Services Corp. increased by $13.5 million or 37 per cent, to $50.5 million in 2022 as compared to $37.0 million in the first quarter of 2021.
May 5, 2022, 3:18 PM MDT
With recent cost inflation that is being experienced by the industry, Advantage Energy Ltd.’s 2022 capital program is “migrating towards the top” of its guidance range at approximately $200 million.
April 29, 2022, 6:32 AM MDT
Precision Drilling Corporation anticipates increased demand for services and improved fleet utilization in 2022 as customers seek to maintain production levels and replenish inventories at currently high commodity-price levels, as inventories of drilled-but-uncompleted wells have depleted over the past several years.
April 28, 2022, 6:38 AM MDT
Cenovus Energy Inc. is hiking 2022 capital expenditures by $300 million to an updated range of $2.9-$3.3 billion, the company announced this morning.
April 27, 2022, 12:33 PM MDT
Cathedral Energy Services Ltd.’s estimated 2022 gross capital plan is approximately $14.9 million, excluding any potential acquisitions.
March 14, 2022, 3:41 PM MDT
Revenue generated in Canada by CES Energy Solutions Corp. reached $134 million over the final three months of 2021.
March 11, 2022, 3:38 PM MST
Essential Energy Services Ltd.’s 2022 capital budget is $6 million for the purchase of property and equipment and spending on maintenance activities.
March 10, 2022, 12 AM MST
Pipestone Energy Corp. is increasing its 2022 capital guidance range to $210 - $220 million (up from $180 - $200 million).
March 9, 2022, 6:02 AM MST
In 2021, PHX Energy Services Corp. spent $35.3 million in capital expenditures, compared to $25.9 million for 2020.
February 24, 2022, 12 AM MST
Precision Drilling Corporation anticipates increasing activity in both Canada and the U.S. for 2022, based on customer inquiries and bid activity, and reflecting higher commodity prices.
February 10, 2022, 7:43 AM MST
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